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Discussions also focused on the adoption of advanced recycling technologies and business
strategies to secure a steady flow of raw materials while ensuring environmental protection.

Moreover, the session examined ways to craft policies that strike an optimal balance between
environmental safety and development.

Bin Touq said, “Accelerating the shift towards a circular economy model is paramount for achieving
sustainable economic and social development in the UAE. It paves the way for a brighter future for
both current and future generations and supports the country’s aspirations to become the most
prosperous society globally by the next decade, in line with the ‘We the UAE 2031’ vision.”

He also provided an overview of the UAE's journey in developing a comprehensive circular economy
ecosystem in line with international best practices.

A key component is the 'UAE Circular Economy Agenda 2031,' which serves as a national roadmap
that fosters cooperation, driving transformative environmental practices and promoting sustainable
approaches to production and consumption. Additionally, it aims to encourage investments in
natural resources.

Bin Touq continued, "The agenda encompasses the implementation of 22 circular economy
policies in four crucial sectors: manufacturing, food, infrastructure, and transportation. These
policies are designed to embrace advanced recycling technologies, achieve significant economic
returns for the country, ensure a stable supply of raw materials, boost competitive edge, drive
innovation, promote economic growth, and create job opportunities through sustainable
partnerships with the private sector.

Furthermore, bin Touq encouraged the participants to leverage the investment opportunities
offered by the circular economy and called on them to establish sustainable initiatives in the UAE,
leveraging the country’s advanced infrastructure in this field.

Bin Touq explained that climate change and global economic shifts call for the adoption of circular
economic models to reduce constraints on the environment and natural resources. This involves
increasing awareness and building the capacities of key stakeholders in technologies,
methodologies, and business models that promote a circular economy. These initiatives play a vital
role in preserving natural resources, improving consumption efficiency and reducing waste.

In his speech at another session that took place on the sidelines of the Forum, Bin Touq discussed
the growth of the circular economy. He underlined the significance of incorporating innovation and
cutting-edge technologies into various sectors and activities of the circular economy, such as
sustainable manufacturing, smart transportation, and clean energy.

Additionally, bin Touq stressed the importance of developing a secure and effective cross-border
business environment that enables seamless processes for business owners, exporters,
companies of logistics services, ports, and other relevant entities.

https://en.aletihad.ae/news/uae/4546329/minister-of-economy-highlights-investment-potential-
in-circu