Page 134 - MOET ENGLISH PR REPORT - JUNE 2025

7/3/25, 8:28 AM Latest News

Abu Dhabi, June 30, 2025:

The Ministry of Economy and Tourism signed a Memorandum of Understanding (MoU) with WORKSTUDIO
CORPORATION, a Japanese company, to develop an integrated circular economy framework aligned with

the UAE Circular Economy Agenda 2031. This strategic collaboration aims to enhance the sustainable
management of natural resources, reduce carbon emissions, and strengthen the UAE’s transition to a

sustainable national economy.

The MoU signing was held in Dubai in the presence of His Excellency Abdulla bin Touq Al Marri, Minister of
Economy and Tourism and Chairman of the UAE Circular Economy Council, and was signed by H.E.
Abdullah Ahmed Al Saleh, Undersecretary of the Ministry, and Kazuhiro Hara, CEO of WORKSTUDIO

Corporation.

H.E. bin Touq said: “The Ministry remains committed to advancing circular economy methodologies and
principles across critical sectors such as food, manufacturing, sustainable transportation and green
infrastructure. Our goal is to raise awareness about the importance of preserving natural resources, drive

transformation in environmental and financial practices, and promote sustainable production and
consumption. We aim to foster investment in natural resources and apply successful economic tools, in line

with the wise leadership’s vision to accelerate the shift towards a circular economy model based on
sustainability and competitiveness.”

His Excellency added: “This partnership represents a strategic step towards expanding the prospects of

cooperation in developing national initiatives and innovative circular policies in the country. It paves the way
to strengthen the diversity and resilience of the national economy while reinforcing the UAE’s leadership in
sustainable development and innovation on both regional and global stages. This memorandum also aligns

with the goals of the Year of Community 2025 by encouraging sustainable practices in various vital fields and
building a cohesive, prosperous, and sustainable society.”

The MoU aims to launch a project that includes developing an integrated model for the circular economy in

the country, based on WORKSTUDIO’s innovative system, PANECO®?, which was developed in Japan and
specializes in recycling textile and food waste in accordance with international best practices. This project

supports the efficient use of resources and cost reduction by transforming textile waste into valuable
materials and converting food waste into organic fertilizers. In doing so, it helps protect the environment and
advance sustainable development. By adopting these innovative waste recycling solutions, the project also

reduces greenhouse gas emissions associated with burning waste - an improvement over traditional
methods of disposing of unused clothing and food and aligns with the national policies that encourage the

recycling of organic waste.

https://www.arabbnews.com/english/Latest-News.asp?id=18461 2/3