Diversifying Economies for Sustainable Growth Beyond Oil -

Diversifying Economies and Building Sustainable Growth beyond Oil

Ahmed Alqadeeb Interview

Ahmed Alqadeeb is a seasoned C-suite executive and thought leader with more than two decades of experience in the energy sector. Over his career, he has led international ventures, driven mergers and acquisitions, and spearheaded large-scale transformation initiatives. Recognized for expertise in business turnarounds, strategic planning, and stakeholder engagement, Ahmed has consistently navigated complex markets to deliver sustainable growth.

Beyond corporate achievements, he is a strong advocate for economic diversification and sustainable development. His perspectives blend deep industry knowledge with forward-looking vision, highlighting how businesses and nations can transition beyond oil dependence and build resilient, innovation-driven economies aligned with long-term national strategies such as Vision 2030.

The Urgency of Moving Beyond Oil

We started the interview by asking, “Why is economic diversification so critical for regions historically dependent on oil?”

Ahmed Alqadeeb replied, “Diversification is no longer a choice; it is a necessity.” Oil-rich economies have long benefited from resource revenues, but dependence on a single commodity leaves them vulnerable to volatility. Diversification builds resilience against price shocks, creates employment, and fuels innovation. The goal is not abandoning oil but complementing it with sectors such as renewable energy, advanced manufacturing, technology, tourism, and logistics. A diversified economy attracts foreign investment, strengthens competitiveness, and ensures long-term prosperity.”

Unlocking Opportunities in a Post-Oil Economy

The Worlds Times: Which emerging sectors hold the greatest potential for growth?

Ahmed Alqadeeb replied, “Renewable energy, especially solar and wind, aligns with global sustainability trends. Technology and digital services—AI, fintech, and cybersecurity—can propel nations into knowledge economies. Logistics and supply chains offer vast potential as countries position themselves as global trade hubs. Healthcare, education, and tourism provide non-oil revenues while enhancing quality of life. Agriculture and food security are equally vital in the face of climate change. What excites me most is the intersection of these sectors—where digital tools enhance healthcare, renewables power manufacturing, and logistics enable agricultural exports.”

Seizing Growth in Emerging Sectors

The Worlds Times: How can businesses position themselves to capture these opportunities?

Ahmed Alqadeeb replied, “Businesses must be proactive, not reactive. First, align with government policies that incentivize renewables, digital transformation, and logistics. Second, embrace innovation—companies that integrate digital tools, sustainability, and agile models will lead. Partnerships are key: joint ventures, startup collaborations, and cross-border alliances accelerate growth. Most importantly, view diversification not only as a market opportunity but as a chance to embed sustainability into the business model. Those who act early will be best positioned as these sectors mature and attract global capital.”

From Ideas to Impact

The Worlds Times: What role does innovation play in diversification?

Ahmed Alqadeeb replied, “Innovation is the engine of diversification.” Without it, economies risk replicating old models in new industries. In renewables, innovation is about smart grids and energy storage, not just solar farms. In logistics, it’s data analytics and blockchain for efficiency and transparency. In healthcare and education, it’s digital platforms expanding access. Innovation drives entrepreneurship, jobs, and competitiveness. Governments can set the stage, but businesses must lead by embedding innovation into culture, R&D, and talent development.”

Driving Diversification

The Worlds Times: How can governments and the private sector collaborate effectively?

Ahmed Alqadeeb replied, “Collaboration is vital. Governments provide regulation, infrastructure, and incentives, while private enterprises bring capital, expertise, and innovation. Public-private partnerships in infrastructure, renewables, and logistics can unlock projects neither side could achieve alone. Transparent regulation and fair competition attract investors. Meanwhile, businesses should engage policymakers early, co-creating solutions rather than waiting for directives. When both share ownership of the vision, economies transition beyond oil faster and more effectively.”

Embedding Sustainability in Business Growth

The Worlds Times: Sustainability is central to diversification. How should businesses integrate it?

Ahmed Alqadeeb replied, “Sustainability must be part of core strategy, not an afterthought. Companies focusing only on profit may win in the short term but will struggle as markets, regulators, and consumers demand sustainable practices. Start by measuring ESG performance, adopt renewable energy in operations, build inclusive talent pipelines, and integrate sustainability into supply chains. By embedding ESG at the core, businesses not only comply but also strengthen reputation, attract investment, and build long-term resilience.”

Envisioning Economies beyond Oil

Lastly we asked, “What is your vision for economies in the next decade?

“I see economies becoming knowledge-driven, innovation-led, and globally connected. Oil will remain relevant but lose dominance as renewable energy, digital economies, and advanced industries rise. Nations will prioritize human capital—investing in education, research, and entrepreneurship to unlock creativity. Growth will also be inclusive, creating opportunities for SMEs alongside large corporations. Success will not only be measured in GDP, but in resilience, sustainability, and quality of life for citizens. That is the true promise of post-oil economies.” Ahmed Alqadeeb concluded