World demand for gas and oil will peak in 2040, and then decline. Gulf monarchies base their income on fossil fuel sales, but if they want their economies to continue to thrive they will have to seek other sources of income.
Will the Gulf countries be able to diversify their economies and adapt them to a post-oil world?
Eleonora Ardemagni, associate researcher of ISPI, analyzes the challenges that the leaders of countries must face if they want to succeed in the enterprise without risking their political power.
