Page 347 - MOE ENGLISH PR REPORT

Page 347 - MOE ENGLISH PR REPORT - JANUARY 2025

P. 347

1/24/25, 3:24 PM UAE: Minister of Economy highlights investment potential in circular economy
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.

The Minister of Economy reaffirmed the UAE's commitment to advancing sustainable practices locally,
regionally, and globally. The country aims to set an example for achieving a balance between
environmental management and economic growth.

As the host of the 28th session of the Conference of Parties (COP28), the UAE had gained international
recognition for its impactful and effective role in promoting global initiatives that support sustainable

development and find solutions to address climate change.

The Conference also served as a significant platform to leverage the UAE's robust economic
ecosystem, which offers competitive advantages in sectors of sustainability, clean energy, green
finance, climate change, and circular economy.