What non renewable resource played the largest role in the economic development of the Persian gulf countries?

Answer 1

The non-renewable resource that played the largest role in the economic development of the Persian Gulf countries is oil. Discovered in significant quantities in the mid-20th century, oil exports transformed these economies, leading to substantial wealth accumulation, infrastructure development, and modernization efforts. The revenues from oil have allowed Gulf states to invest in various sectors, diversifying their economies and improving the quality of life for their populations. This reliance on oil has also made them vulnerable to fluctuations in global oil prices.