Page 39 - MOE ENGLISH PR REPORT - JANUARY 2025

Press Release

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 finance, climate change, and circular economy.

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