What a future without oil looks like for the Gulf countries | CNBC Explains

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  • Published on:  Thursday, September 2, 2021
  • Once a region seeing vast flows of wealth due to natural petroleum resources, the market slowdown and plunging oil prices have placed the Gulf Cooperation Council in a position of economic uncertainty. CNBC’s Nessa Anwar is joined by Hadley Gamble to discuss the GCC’s challenges, from economic diversification to their internal disagreements.

    Contents:
    00:00 - Intro
    01:20 - Why was GCC set up in the first place?
    01:50 - Arab Spring 2011
    03:16 - Key oil events
    05:23 - Economic diversification in the Gulf countries
    06:26 - Saudi Vision 2030
    07:11 - Education in Gulf countries
    08:11 - UAE's priority towards green hydrogen
    08:38 - The road ahead for GCC

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