The World Economic Forum praises the UAE’s model for implementing a “circular economy”

The World Economic Forum praises the UAE’s model for implementing a “circular economy”
The World Economic Forum praises the UAE’s model for implementing a “circular economy”

Abdullah Al-Nuaimi: Building the economy to become the fastest growing is a main focus of the “Fifty Principles” document

Dubai: «The Gulf»

The World Economic Forum commended the initiatives of the UAE government aimed at promoting the circular economy and its plans that strengthened its leadership regionally and globally, and its international participation in providing an interactive platform through which world governments gather to strengthen partnerships and integration between them and the leading global institutions to accelerate the implementation of the circular economy globally.
The UAE government, in partnership with the World Economic Forum, launched, at the conclusion of the fourth session of the global future councils in 2019, the “Scale 360” initiative aimed at promoting technological innovations for the Fourth Industrial Revolution, and employing them in advancing the global economy, which witnessed widespread success on Global level through the participation of 22 countries to establish a global network of sustainable change makers.

flexible systems
Abdullah Belhaif Al Nuaimi, Minister of Climate Change and Environment and Chairman of the Emirates Council for Circular Economy, stressed that building the national economy and making it one of the fastest growing and most capable of providing an economic environment that incubates entrepreneurship is a fundamental pillar in the “Fifty Principles” document, which represents a clear path to preserve the achievements which have been achieved and contribute to enhancing the excellence of the UAE in various sectors.
Al-Nuaimi said that the world has witnessed many changes during the past years since the launch of the circular economy acceleration initiative, which included the pandemic of the emerging Corona Virus (Covid-19), and its effects that emphasized the importance of adopting economic development and the pivotal role of strengthening government cooperation and integration with private sector institutions, which contributes to Designing flexible, environmentally friendly work systems that support the global economy and enable societies to adopt the latest innovations that provide a better life for individuals.
Initiatives
Over the past years, the UAE has presented a pioneering model in creating a qualified environment and providing sustainable infrastructure that supports the growth of vital sectors. This initiative is to launch a number of programmes, policies and councils that support the transformation of cities into specialized centers in circular innovation.
As part of supporting international efforts to develop circular innovation, the UAE government launched the “Global Guide to the Circular Economy”, as part of the World Economic Forum’s initiative, “Accelerating the Circular Economy 360”, which represents an interactive digital reference that provides a set of advanced means based on multimedia, which contributes to Develop current work systems by evaluating challenges, and selecting the best initiatives and tools to deal with them.
Last January, the Cabinet, headed by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, approved the National Policy for the Circular Economy, which constitutes a comprehensive framework that defines the priorities and objectives of the UAE in promoting the concept of the circular economy. The circular economy in a number of vital sectors, including green infrastructure, sustainable transportation, sustainable manufacturing, sustainable food production and consumption, as well as other areas such as technology, innovation, research and development, awareness-raising and capacity building, establishing partnerships and cooperation platforms, and integrated waste management.
The Council approved the establishment of the Emirates Council for Circular Economy headed by Abdullah Belhaif Al Nuaimi and the membership of 17 representatives of federal and local government agencies, and a number of representatives of the private sector and international organizations. Specific initiatives for each sector, and adopting performance indicators for policy implementation and alignment of strategies, enhancing the participation of the private sector in projects, initiatives and programs that support the circular economy, and encouraging partnerships and international cooperation in a number of vital sectors, including sustainable transportation, sustainable manufacturing, sustainable production and consumption of food In addition to green infrastructure.

 
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