Alternative Strategies for the Development Vector of the Arabian Peninsula Countries
Mukhametov A. Moreva E. Bayramli M. Smirnov A. Egorov I.
April 2025International Information and Engineering Technology Association
International Journal of Sustainable Development and Planning
2025#20Issue 41535 - 1552 pp.
The aim of this research article is to develop and substantiate a SMART diversification strategy for the development of the Arabian Peninsula countries based on an analysis of their current national economic structure, global oil prices, and selected transformation strategies. The research methodology includes a quantitative analysis of time series from 1970 to 2023 for Saudi Arabia, Kuwait, Oman, and the United Arab Emirates, as well as a qualitative analysis of the correlation between oil prices and economic conditions. Within the framework of this study, new models and scientific approaches aimed at the sustainable development of non-resource sectors of the economy have been proposed, such as digital technologies, renewable energy, and tourism. Special attention is given to a comprehensive assessment of the impact of the proposed approaches on macroeconomic indicators and the economic resilience of the region, as well as on the adaptation of these models under conditions of global changes in capital and resource markets. To maintain political stability, it is essential to actively pursue a diversification policy focusing on increasing the share of renewable energy sources in the energy balance, enhancing food production, and advancing digital technologies and tourism.
green transition , innovation , non-oil development , region , resource dependence
Text of the article Перейти на текст статьи
Department of Technology, Safety of Food Products, Kazakh National Agrarian Research University, Almaty, 050010, Kazakhstan
The Financial and Industrial Policy Institute, Financial University under the Government of the Russian Federation, Moscow, 125167, Russian Federation
Department of Social Work, Baku State University, Baku, AZ1148, Azerbaijan
Department of Economic Theory and Economic Thought, St Petersburg State University, Saint Petersburg, 198261, Russian Federation
Research Laboratory “Center for Integrated Research of Regional Security Problems”, Pskov State University, Pskov, 180000, Russian Federation
Department of Technology
The Financial and Industrial Policy Institute
Department of Social Work
Department of Economic Theory and Economic Thought
Research Laboratory “Center for Integrated Research of Regional Security Problems”
10 лет помогаем публиковать статьи Международный издатель
Книга Публикация научной статьи Волощук 2026 Book Publication of a scientific article 2026