Page 32 - MOET ENGLISH PR REPORT - JUNE 2025

Press Release

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.

The new project seeks to build a collaborative system that brings together production companies,

consumers, and manufacturers. It encourages eco-friendly manufacturing in the country, starting

from waste collection and recycling all the way to treating it in innovative ways and transforming
it into new usable products. The initiative aims to facilitate the participation of investors and

stakeholders from the government and private sectors to support the stages of development and

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