Categories: Industry

What is circular economy & how MENA Region is approaching towards it

A model in which existing materials or products are shared, leased, repaired, refurbished, and recycled for as long as possible, such a process is called circular economy.

This process is not unlike the linear model, which follows a ‘take, make, dispose’ pattern.

This process not only lessens waste and its negative effects on the environment, but it also promotes job creation and economic expansion.

The Three main takeaways of the circular economy are:

1. In order to decrease the quantity of waste produced, products are made to be more robust, recyclable, and reusable.

2. The circular economy reduces the need for new resources by prolonging the life cycle of products through recycling, refurbishing, and repair.

3. The circular economy contributes to the improvement and restoration of ecosystems by replenishing the soil and other natural systems with vital nutrients.

Initiatives by the MENA (Middle East/North Africa region) regarding circular economy

United Arab Emirates (UAE)

Dubai Industrial Strategy 2030: Focuses on implementing the concepts of the circular economy to build a sustainable industrial sector.

Masdar City: A paradigm for sustainable urban growth, Masdar City prioritizes water conservation, waste minimization, and renewable energy. It integrates circular economy principles into all aspects of its planning, building, and operation.

Saudi Arabia

NEOM: A futuristic city project with an emphasis on renewable energy, sustainable water management, and zero-waste methods, that seeks to integrate circular economy principles into its infrastructure.

Egypt

Waste Management Regulatory Authority (WMRA): The purpose of the Waste Management Regulatory Authority (WMRA) is to oversee and encourage environmentally friendly waste management techniques throughout the nation.

Integrated Sustainable Solid Waste Management Project: The goal of the Integrated Sustainable Solid Waste Management Project is to enhance waste disposal, recycling, and collection methods while emphasizing community involvement and education.

Morocco

National Strategy for Sustainable Development: The National Strategy for Sustainable Development places a strong emphasis on the value of circular economy principles and sustainable resource management.

Ecomondo Morocco: An annual occasion that highlights cutting-edge products and solutions while supporting circular economy initiatives.

Business Now Desk

Recent Posts

Working 70 Hours a Week: Good or Bad?

Some people find that putting in a lot of work can result in significant career…

2 days ago

CEO of the Week: DAMAC’s Hussain Sajwani

Hussain Sajwani was born into a conservative, middle-class family of Dubai in 1953

5 days ago

Gold Faces Pressure as Trump Rolls Out Tough Trade Policy

The Post claims that the growing trade aggression may have detrimental effects on the world…

1 week ago

Nvidia’s Project Digits: A ‘Personal AI Supercomputer’ for the Future

Nvidia's new GB10 Grace Blackwell Superchip, which offers up to a petaflop of computing power for developing

2 weeks ago

Reimagining HR with Iris Lindman, Founder of Rainbow Maker

Whether it’s the sudden death of an employee, a workplace accident, an escalating conflict, or…

2 weeks ago

Empowering Businesses with Clarity, Growth, and Leadership Strategies – Talk to your Hair stylist?

FocalPoint303 provides specialized knowledge in organizational change management and digital transformation

2 weeks ago