Study on Circular Economy developments in the GCC region and opportunities for collaboration with the European Union
This study explores developments in the field of the circular economy in the Arab States of the Gulf region to identify areas where the EU and the GCC countries can strengthen their collaboration. Focusing on two GCC countries with recent policy developments in this area: Saudi Arabia and the United Arab Emirates, the study first examines the current framework conditions that would shape prospects for a circular economy and then explores emerging business opportunities.
The research concludes that there are three main areas where the EU and GCC countries could further collaborate on the circular economy:
- infrastructure development
- regulatory enforcement, and
- funding mechanisms.
The report was first published on the European External Action Service’s website.