Diversification of Funds - Middle East and Gulf Area

                                                                                                       Most of the Middle Eastern Countries depend upon Oil Money.  Saudi Arabia, Iraq, Iran, Qatar, United Arab Emirates, and Abu Dhabi have a good income from the Oil. However, they have now started diverting their resources to various other Technological and Real Estate Sectors. This is mainly due to a gradual decrease in their oil resources and even the use of oil may decrease with time to come.

                                                                                Some of enlightened Rulers in those Countries have the foresight and they have started taking firm action in this direction. 

                                                                               Saudi Arabia wants to go actively to develop tourism in their country. They are building a One Trillion-Dollar Worth pair of 120 km long skyscrapers in the desert.  Dubai spent 12 Billion Dollars building an Archipelago shaped like a Palm. Abu Dhabi's research institute has already released the Falcon 180 B Model regarding Artificial Intelligence. Besides that Qatar has built a 220 Billion Dollars Football Stadium to host the Football World Cup.

                                                                               Abu Dhabi is going to float a big Government-supported AI Company even though it may face stiff competition from other AI Companies. The Technology Innovation Institute of Abu Dhabi employs 800 staff 0f about 74 Countries. They are working on Biotechnology, Robotics, and Quantum Computing. They intend to make the model applicable to medicine and law. Abu Dhabi has also sovereign funds amounting to 1.5 Trillion Dollars which can fund several high-tech projects.

                                                                               All these efforts of Gulf Countries can also help to have alternatives in the long term when oil demands decline. This is a good beginning for the Middle East and Gulf Area Countries.

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