RATIONALE FOR PROMOTING JOINT U.S.-GCC PROJECTS.

The article focuses on the industrialization in the GCC region, which is led by demand. The author noted that the industrial progress, which owes its start to the traditional path of industrialization through import path of industrialization through import substitution, is gradually giving its way to a new pattern through export expansion as the import-substitution process matured and started to reach its feasible limits. He found that the shift has occurred in both the oil sector as evidence by the market diversification and expansion in the downstream activities in such nontraditional activities. Moreover, a list of contributing developments is presented.