What’s fueling the economic rise of the Gulf Countries and how will it impact the global economy?

The economic rise of the Gulf countries, specially Saudi Arabia, is not only reshaping the Middle East but also carrying profound implications on a global scale. The rapid growth and diversification of these economies, fueled by their vast oil reserves and ambitious visions for the future, are transforming them into influential players in the international arena. Saudi Arabia, in particular, has been implementing bold economic reforms and initiatives under its Vision 2030 plan, aiming to reduce its reliance on oil, attract foreign investment, and foster various sectors such as tourism, entertainment, and technology. As these countries continue to thrive economically, their growing influence will undoubtedly be felt across the world, impacting sectors ranging from energy and finance to politics and global trade. CNN’s Fareed Zakariya looks at the economic rise of the Gulf countries.