Additionally, investment in the development of worker skills through education and training is important for creation of knowledge workers.
Knowledge workers are essential for further development of the knowledge economy, either through contributing to the expansion or development of new markets.
The region is best known for oil production and export, which significantly impacts the entire region through the wealth it generates and through labor utilization.
In recent years, many of the countries in the region have undertaken efforts to diversify their economies.
The world's economy runs on oil, and many Centre Eastern nations have become remarkably rich from it.
Oil-producing nations are frequently associated with the Middle East's wealthiest nations.
Prior to the discovery of oil in the 1930s, the region was poor compared to global standards.