As the present economics of oil — which require a $ 66.70 barrel price to make Saudi crude profitable — continue to work against the world's energy producers, the KSA has turned its focus towards its long - term «Vision 2030»
strategy of economic diversification.
He noted that despite the apology of the PDP, Nigerians would still choose the ruling APC over any other political party for steadily steering the country on the
path of economic diversification particularly in the area of agriculture.
All four countries underwent a
process of economic diversification characterized by a growth in the complexity of the division of labour and in the relative importance of the secondary and tertiary sectors (manufacturing and services).
«The seasonal festivals are part of our efforts to stimulate the tourism industry as a
driver of economic diversification and solidify Qatar's reputation as a preferred family destination in the region.
Other dimensions of vulnerability include general regional vulnerabilities to impacts (e.g., in polar regions),
lack of economic diversification and fragile urban infrastructures.