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1/24/25, 3:24 PM UAE: Minister of Economy highlights investment potential in circular economy
to the global efforts in addressing environmental challenges, cutting carbon emissions, and reducing
waste, aligning with the objectives of sustainable development.

He pointed out that the UAE was among the first countries to sign the ‘Scale360°’ initiative in a strategic
partnership with the World Economic Forum.

During the session, participants delved into the opportunities and challenges in acquiring plastic waste
and converting it into recyclable raw materials.

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

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 environment and natural resources. This involves increasing
awareness and building the capacities of key stakeholders in technologies, methodologies, and

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