Oil-Producing Middle East Countries Become Global Economic Centres

Oil-Producing Middle East Countries Become Global Economic Centres

Business Daily

The United Arab Emirates (Dubai, Abu Dhabi), Qatar, Saudi Arabia, and recently Oman have embarked on specific plans and projects to transform their countries into major global economic players. The urgency to transform Middle East oil economies is mounting as green transition away from oil to renewable energy gathers momentum. Major investments are taking place in liquefied natural gas (LNG) the region is also increasing its capacity in petrochemical manufacture in direct competition with China and India.

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