Duqm
Moves Toward a Circular Economy

Duqm,
10 Sep (ONA) — The circular economy is emerging as a promising path to foster
sustainable economic growth, with international estimates suggesting it could
generate up to $4.5 trillion in economic benefits by 2030.

The
Sultanate of Oman is increasingly prioritizing this approach as part of its
efforts to achieve carbon neutrality by 2050. The Special Economic Zone at Duqm
(SEZAD) is at the forefront of implementing this model, thanks to its
integrated infrastructure and logistical services that promote industrial
integration, waste reduction, and efficiency.

Next
week, SEZAD will host a dialogue session titled “The New System: Duqm’s
Case for a Circular Economy,” featuring several specialists. The session
will cover financing issues, policies, and practical implementation mechanisms
for circular models. This is particularly relevant given the sharp fluctuations
in raw material prices and the challenges to global trade stability faced by
traditional supply chains. This highlights the importance of designing products
for reuse and recovery as a strategic option for companies.

Eng.
Ahmed Ali Akaak, CEO of SEZAD, emphasized that the commitment of industries
operating in the zone to circular economy standards is a key factor in boosting
their competitiveness in global markets. This is especially true as the
European Union moves to adopt strict sustainability frameworks, such as digital
product passports and the Carbon Border Adjustment Mechanism (CBAM).

In
a statement to Oman News Agency, he added that the circular economy is no
longer a secondary option but has become a pillar for the success of industrial
exports and for strengthening Duqm’s position as a regional and international
hub for sustainable investments.

—Ends/AG