Part 4/17:
A prominent development in recent geopolitics is the strategic pivot of Gulf nations—namely Saudi Arabia, the UAE, and Qatar—which are actively preparing for a post-petro-dollar world. Historically, these countries amassed wealth through oil exports, recycling US dollars into American securities and technology. But the current shift indicates a desire to diversify and reduce dependence on the US dollar and oil-related revenues.
This transition is driven by several factors:
- Economic Diversification: Recognizing the finite future of oil, Gulf states seek to build sustainable economic models, investing in technology and infrastructure.