The UAE and Canada host circular economy dialogue on actions to accelerate the movement toward a more sustainable and resilient future
The virtual UAE-Canada High Level Event on Circular Economy was organized by the UAE Circular Economy Council in collaboration with the World Economic Forum, to showcase examples of Emirati and Canadian leadership in the circular economy.
The event was chaired by H.E. Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade and Mr. Peter Schiefke, Parliamentary Secretary to the Minister of Environment and Climate Change Canada, and moderated by Ms. Antonia Gawel, Head of Circular Economy & Innovation, World Economic Forum.
H.E. Dr. Thani bin Ahmed Al Zeyoudi underlined the UAE’s commitment to become one of the most circular economies in the world. The UAE is the first signatory of the World Economic Forum’s Scale360° Partnership which brings together global partners to fast-track the shift toward a circular economy by embracing Fourth Industrial Revolution technologies and innovation.
“The circular economy offers global leaders an enormous opportunity to build a transformative post-COVID future that will pave the way for more resilient, equitable, and sustainable economies around the world. The UAE is proud to be leading on this front through the WEF Scale360° initiative, our close partnerships with countries like Canada, and our deep collaboration with private sector companies such as Majid Al Futtaim-Holding, which has prioritized the circular economy across its value chains.” Dr. Al Zeyoudi said.
In his remarks, Peter Schiefke underlined the excellent bilateral relationship that Canada and the UAE enjoy. He said that Canada and the UAE “both understand the enormous opportunity that the transition to a more circular economy offers us.” Mr. Schiefke highlighted how Canadian companies are innovating to bring effective and innovative clean technologies to market to solve environmental problems.
Mr. Schiefke welcomed strong UAE participation at the World Circular Economy Forum (WCEF) 2021, hosted by Canada in September 2021. The WCEF2021 will bring dynamic new voices to the global conversation and take an in-depth look at circular opportunities in the North American and global context. It will also explore the “game changing” actions and systemic changes needed to accelerate the global circular transition.
Ms. Antonia Gawel stressed that public-private cooperation is essential in shaping global, regional, and industry agendas efficiently, effectively and sustainably. Ms. Gawel also acknowledged the leadership of the UAE and Canada in advancing the adoption of the circular economy and commended the UAE for their initiative to bring together a bilateral dialogue.
Ibrahim Al Zu’bi, Chief Sustainability Officer at UAE based Majid Al Futtaim introduced the company’s robust circular economy strategy. Under the recently launched strategy, all Majid Al Futtaim operating companies will embed circular economy principles into business operations to minimise harmful impacts on the environment and generate new revenue streams. Mr. Al Zu’bi said, “Majid Al Futtaim appreciates the opportunity to be included in this high-level exchange and recognises the importance of multilateral cooperation in moving toward a more sustainable future. The launch of our new circular economy marks an exciting milestone in Majid Al Futtaim’s sustainability journey.”
About Majid Al Futtaim:
Founded in 1992, Majid Al Futtaim is the leading shopping mall, communities, retail and leisure pioneer across the Middle East, Africa and Asia.
A remarkable business success story, Majid Al Futtaim started from one man’s vision to transform the face of shopping, entertainment and leisure to ‘create great moments for everyone, every day’. It has since grown into one of the United Arab Emirates’ most respected and successful businesses spanning 16 international markets, employing more than 43,000 people, and obtaining the highest credit rating (BBB) among privately-held corporates in the region.
Majid Al Futtaim owns and operates 27 shopping malls, 13 hotels and four mixed-use communities, with further developments underway in the region. The shopping malls portfolio includes Mall of the Emirates, Mall of Egypt, City Centre malls, My City Centre neighbourhood centres, and five community malls which are in joint venture with the Government of Sharjah. The Company is the exclusive franchisee for Carrefour in a number of markets across the Middle East, Africa and Asia, operating a portfolio of more than 300 outlets and an online store.
Majid Al Futtaim operates more than 500 VOX Cinemas screens and 34 Magic Planet family entertainment centres across the region, in addition to iconic leisure and entertainment facilities such as Ski Dubai, iFly Dubai, Dreamscape and Ski Egypt, among others. The Company is parent to the consumer finance company ‘Najm’, and a Fashion, Home and Specialty retail business representing international brands such as Abercrombie & Fitch, Hollister, AllSaints, lululemon athletica, Crate & Barrel, Maisons du Monde and LEGO. In addition, Majid Al Futtaim operates Enova, a facility and energy management company, through a joint venture operation with Veolia, a global leader in optimised environment resource management.
Based in Brantford, Canada, GreenMantra cost-effectively converts waste plastics, including hard-to-recycle materials, into specialty chemicals. Founded in 2010, GreenMantra produces value-added synthetic waxes, polymer additives, and other chemicals from recycled plastics. GreenMantra is the first company in the world to upcycle post-consumer and post-industrial recycled plastics into synthetic polymers and additives that meet specific performance requirements for industrial applications. This advances a circular economy approach where plastics are beneficially reused rather than landfilled.