Page 137 - MOET ENGLISH PR REPORT - JUNE 2025

7/3/25, 8:28 AM Ministry of Economy and Tourism signs MoU with WORKSTUDIO to strengthen partnership in circular economy and develop sustain…
H.E.bin Touqsaid: “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.

The project will focus on developing recycling facilities in the country, training national cadres, and
establishing a joint coordination committee to follow up on implementation and ensure the participation of

both the government and private sectors.

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