SOCIO-ECONOMIC DEVELOPMENT OF THE GULF COUNTRIES AND THE ROLE OF DIVERSIFICATION

Abstract

He article presents an analysis of the socio-economic development of the GCC in 2000-2019 as the basis for the formation of a high-tech segment in the regional economy. The authors substantiate the necessity and possibility of high-tech development of the countries of the region and the remaining problems. The authors found that there are tangible achievements in the Persian Gulf countries, such as the emergence of high — and medium-tech industries. Their active development provides the GCC countries with relative stability in the economy and social sphere. The authors of this article note that the hydrocarbon segment still plays an important role in the implementation of the tasks of socio-economic development of the Persian Gulf countries, which, in the context of population growth, including the share of young people, requires new approaches to the formation of the economic structure from the countries of the region.