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1/24/25, 3:25 PM Minister Of Economy Highlights Investment Potential In Circular Economy | Pakistan Point
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 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
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