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Why do many countries in arabia and iraq want to boost entrepreneurship to lessen their dependence on oil?

Why do many countries in arabia and iraq want to boost entrepreneurship to lessen their dependence on oil?
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Why do many countries in arabia and iraq want to boost entrepreneurship to lessen their dependence on oil?

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User Dusual
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as oil is a non-renewable energy source and will run out, therefore they want a back up plan for when it does so they don't go bankrupt.
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User Aviad Rozenhek
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