Page 352 - MOE ENGLISH PR REPORT - JANUARY 2025

1/24/25, 3:25 PM Minister Of Economy Highlights Investment Potential In Circular Economy - UrduPoint
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,

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