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

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