GCC can play key role in advancing circular economy: experts
The Gulf Cooperation Council (GCC) countries can play a key role in advancing the circular economy thanks to their established position as a global plastics production and export hub, access to world-class infrastructure and focus on research and innovation, experts said.
However, the formulation of Public Private Partnerships (PPPs), government incentives and regulations will be essential to drive meaningful impact on plastic waste management and circularity.
Speaking at the 14th Gulf Petrochemicals and Chemicals Association (GPCA) Plastics Conference at the JW Marriott Hotel, Riyadh, Saudi Arabia, industry leaders agreed that innovation and collaboration will be crucial to foster economies of scale and advance sustainability, while enabling industry growth.
Delivering the welcome remarks on Day 1 (April 20), Khalfan Al-Muhairi, SVP Regional MEAE, Borouge and Vice-Chairman, Plastics Committee, GPCA, commented: 'As we look toward the future, one thing is abundantly clear: the journey ahead cannot be undertaken alone. It demands a collective, unwavering commitment from all of us — from industry leaders to policymakers, from innovators to our communities and youth. Together, we must align our ambitions, mobilize our resources, and take decisive action to address the challenges and opportunities that lie before us.'
Deena F. Al-Khayyal, Managing Director, LyondellBasell (LYB), delivered a keynote address on the future of plastics and impact of key trends and disruptions on the regional industry. Her speech explored the evolving landscape of the plastic industry and ways in which increasing regulatory pressures and shifting consumer demands are influencing the sector.
A leadership dialogue, moderated by Steve Jenkins, Vice President, Chemicals Consulting, Wood Mackenzie, featuring Khalid Al Dawood, Managing Director, NATPET; Unmesh Nayak, President – Polymer Chain, Reliance Industries; and Dr Apostolos Krallis, VP, Innovation Centre, Borouge, delved into the financial dimensions of transitioning to sustainable and circular plastics. The conference continued with sessions on investment in plastics ecosystems, turning plastic waste into high-impact solutions, the future of plastics circularity and a series of valuable case studies.
Dr Abdulwahab Al-Sadoun, Secretary General, GPCA, commented: 'Driving meaningful solutions to plastic waste management is no longer a choice; it's an urgent necessity. A comprehensive approach will require government incentives and regulations that foster investment while providing clarity and confidence to investors and technology providers. Advanced recycling technologies, such as chemical recycling, are poised to play a vital role in this transition.'
He added: 'To unlock new opportunities, scaling up investment in advanced recycling infrastructure is imperative. Key actions include promoting Public Private Partnerships (PPPs), establishing regional standards, and fostering economies of scale. Supporting innovation and nurturing circular economy startups will also be critical to developing smart and sustainable solutions that can transform the future of plastic waste management.'
The 14th GPCA Plastics Conference, which concludes today (April 21), featured an opening address by Naser Aldousari, CEO, EQUATE Group and Chairman – Plastics Committee, GPCA.
During the conference, GPCA released a new report in collaboration with the King Abdullah Petroleum Studies and Research Center (KAPSARC), titled 'Advancing Plastic Waste Recycling in the GCC: Policies, Technologies, and Economic Opportunities.' The report provides an in-depth examination of the state of plastic waste recycling in the GCC and serves as a vital resource for stakeholders aiming to improve plastic waste management practices and policies in the region. –
Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (Syndigate.info).
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Zawya
15 hours ago
- Zawya
Japan, GCC hold 2nd round of FTA talks
TOKYO -- Japan and the Gulf Cooperation Council (GCC) wrapped up the second round of negotiations for their free trade agreement (FTA) in Tokyo on Thursday, Japan's Foreign Ministry said. The four-day meeting was attended by Japan's chief negotiator Katsuhiko Takahashi, Ambassador for International Economic Affairs, along with representatives from relevant ministries, and GCC chief negotiator Raja Al-Marzoqi and representatives from the GCC states, according to the ministry. The GCC has six members under its wing, namely Kuwait, Saudi Arabia, the UAE, Qatar, Oman and Bahrain. Since Monday, the two sides held active discussions on the modality of negotiations, as well as on General Provisions, Trade in Goods, Rules of Origin, Trade in Services, Customs Procedures and Trade Facilitation, investment, Intellectual Property, and other areas, the ministry said in a press release. Japan and the GCC also agreed to coordinate the dates of the third round of negotiations through diplomatic channels. The two side launched FTA negotiations in 2006, but talks were suspended in 2009 before resuming last December. Japan relies on GCC members for over 90 percent of crude oil supply. All KUNA right are reserved © 2022. Provided by SyndiGate Media Inc. (
Hi Dubai
16 hours ago
- Hi Dubai
GCC Unified Visa: What It Means for UAE Businesses and Professionals
The Gulf Cooperation Council (GCC) is on the cusp of a transformative change in regional tourism. The GCC Unified Tourist Visa, often referred to as the GCC Grand Tours Visa, is set to launch by the end of 2025, promising seamless travel across six nations: the UAE, Saudi Arabia, Bahrain, Qatar, Oman and Kuwait. This single-entry visa will allow tourists to explore the diverse landscapes, vibrant cultures and modern marvels of the Gulf region without the hassle of multiple visa applications. For Dubai, a global tourism powerhouse, this development signals a new era of opportunity, connectivity and growth. For UAE businesses, particularly those in Dubai's thriving tourism, hospitality, and retail sectors, the visa is a game-changer. It positions the emirate as a potential gateway for millions of visitors exploring the GCC, driving footfall to hotels, restaurants, malls and attractions. Professionals stand to benefit too, with easier access to regional travel for personal exploration or networking at tourism-focused events. For residents, the visa simplifies family holidays and weekend getaways, making the Gulf's rich offerings more accessible than ever. Beyond convenience, the visa aligns with the GCC's broader vision of economic integration and regional synergy, fostering stronger ties among member states. Explore what the GCC Unified Visa means for Dubai's businesses, professionals and residents, and why it's a pivotal moment for the region. What Is the GCC Unified Visa? Image Source: Al Taasis The GCC Unified Visa is a multi-entry permit designed to simplify travel across the six GCC countries: the UAE, Saudi Arabia, Bahrain, Qatar, Oman and Kuwait. Modeled after Europe's Schengen visa, it allows tourists to move freely between these nations with a single application, eliminating the need for separate visas for each country. The initiative, approved in November 2023 during the 40th meeting of GCC interior ministers, aims to boost tourism, streamline travel and enhance economic and cultural ties across the region. Key features of the visa include its focus on short-stay tourism, with a validity expected to range from 30 to 90 days, depending on the final terms. The application process will be entirely online, making it user-friendly and efficient. While exact eligibility criteria are still being finalized, most nationalities are expected to qualify, particularly those already eligible for visa-on-arrival or eVisas in GCC countries. The cost of the visa has not yet been disclosed. However, it is expected to be significantly cheaper than obtaining individual visas for each nation. The visa is slated for launch by late 2025, with final technical and security details currently being ironed out by each country's Ministry of Interior. The primary objective is to position the GCC as a unified tourism destination, attracting more international visitors and encouraging longer, multi-country itineraries. By reducing administrative barriers, the visa is expected to drive a projected 128.7 million tourists to the region by 2030, up from 68 million in 2023 ( WAM ). For Dubai, this presents a unique opportunity to leverage its world-class infrastructure and global appeal to capture a significant share of this influx. What It Means for UAE-Based Businesses Boost for Dubai's Tourism Ecosystem Dubai's tourism sector, already a cornerstone of its economy, stands to gain immensely from the GCC Unified Visa. As a global hub with iconic landmarks like the Burj Khalifa, Dubai Mall and Palm Jumeirah, the emirate is likely to be the first stop for many visitors exploring the GCC. The visa's multi-country access encourages tourists to extend their stays, combining a Dubai visit with trips to Riyadh's historic sites, Oman's diverse landscapes or Qatar's cultural museums. This extended travel boosts demand for hotels, tour operators, food and beverage outlets and transport services. This year, Dubai welcomed 7.15 million visitors in the first four months alone, a 7% increase from the previous year. With the unified visa, these numbers could soar as travelers plan multi-destination itineraries. Hotels can expect higher occupancy rates, particularly during peak seasons from October to April, when the Gulf's pleasant weather attracts global tourists. Tour operators can capitalize by offering regional packages, while restaurants and cafes will benefit from increased foot traffic as visitors explore Dubai's diverse dining scene. Increased Footfall for Retail, Entertainment and Hospitality The visa's promise of seamless regional travel is likely to drive spending in Dubai's retail, entertainment and hospitality sectors. The city's reputation as a shopping paradise, with destinations like Dubai Mall and Mall of the Emirates, makes it a magnet for tourists. The unified visa encourages visitors to allocate more of their budget to shopping, dining and experiences, knowing they can explore other GCC countries without additional visa costs. Seasonal events like the Dubai Shopping Festival, Dubai Food Festival and global concerts further amplify this potential, drawing crowds eager to spend. Hospitality businesses, from luxury resorts to budget-friendly hotels, will see a surge in bookings as tourists opt for longer stays to maximize their GCC adventures. Entertainment venues, such as theme parks like Dubai Parks and Resorts or cultural attractions like the Museum of the Future, can expect higher footfall. The visa's flexibility also supports 'bleisure' travel, where business visitors extend their trips for leisure, further boosting spending in Dubai's vibrant ecosystem. Opportunity for Travel and Tourism Businesses to Expand Services The unified visa opens doors for Dubai's travel and tourism businesses to innovate and expand. Companies can develop multi-country tour packages, combining Dubai's urban allure with Oman's natural wonders, Bahrain's cultural heritage or Saudi Arabia's historical sites. Partnerships with travel providers in other GCC countries can create seamless itineraries, offering tourists a hassle-free way to explore the region. For example, a Dubai-based tour operator could collaborate with a Qatari counterpart to offer a package that includes Dubai's skyline and Doha's Souq Waqif. Luxury tourism, a key strength for Dubai, stands to benefit significantly. High-net-worth visitors may combine a stay at a Burj Al Arab suite with exclusive experiences in Saudi Arabia's Al-Ula or Oman's luxury desert camps. Medical tourism, another growing sector could see increased demand as visitors pair treatments in Dubai with wellness retreats in other GCC countries. By tailoring offerings to these high-spending segments, businesses can tap into new revenue streams and strengthen Dubai's position as a regional tourism leader. What Professionals Should Know Easier Personal Travel Across the Region For professionals in Dubai, the GCC Unified Visa simplifies personal travel across the Gulf. Weekend trips to Muscat's beaches, Bahrain's historic souqs or Kuwait's modern skyline become more accessible without the need for multiple visa applications. This ease of travel is particularly appealing for Dubai's large expatriate community, who often seek regional getaways. Professionals attending regional expos or conferences as visitors can plan multi-country itineraries with minimal hassle. The visa also makes it easier to explore potential relocation or investment destinations. Professionals considering opportunities in Qatar's tech hub or Saudi Arabia's NEOM project can visit these areas without navigating complex visa processes. This mobility fosters greater regional awareness and opens doors for personal and professional growth. Business Networking on the Move While the visa is for tourism, it offers indirect benefits for professionals seeking to network or gain market insights. Tourism-focused events, such as the Arabian Travel Market in Dubai or Qatar's tourism expos, become more accessible, allowing professionals to connect with regional stakeholders. The visa also enables easier market research trips, where professionals can explore consumer trends or business opportunities in neighboring countries. Hosting international clients will also become smoother. Clients visiting Dubai can extend their trips to other GCC countries, making it easier to showcase the region's business potential. For example, a Dubai-based professional could host a client for a meeting in the emirate, then recommend a cultural excursion to Oman or Bahrain, enhancing the client's experience and strengthening business relationships. Dubai as the Gateway: Strategic Advantages Dubai is uniquely positioned to serve as the gateway for GCC tourism, thanks to its world-class infrastructure and global connectivity. Dubai International Airport (DXB), one of the busiest in the world, handles millions of passengers annually, making it a natural entry point for tourists. With airlines like Emirates and flydubai offering extensive regional routes, Dubai can easily connect visitors to other GCC destinations. The city's tourism ecosystem is well-equipped to handle an influx of visitors. Hotels ranging from budget to ultra-luxury, coupled with attractions like Dubai Marina and Global Village, make it an ideal starting point for multi-country tours. Dubai's tourism board and businesses can capitalize by promoting multi-entry packages, positioning the emirate as the hub for GCC exploration. For example, a package could include a Dubai city tour, a day trip to Oman's wadis, and a cultural experience in Qatar, all seamlessly coordinated. By leveraging its airline and airport infrastructure, Dubai can attract tourists who might otherwise enter the region through other countries. Marketing campaigns highlighting Dubai's role as the GCC's tourism hub can further solidify its position, driving economic benefits across multiple sectors. Limitations to Keep in Mind While the GCC Unified Visa offers significant advantages, it has clear limitations. The visa is strictly for tourism purposes, meaning it cannot be used for work, long-term stays, or business operations. Professionals hoping to use it for employment or extended business activities will need to rely on existing visa categories. The visa's duration, expected to range from 30 to 90 days, may also restrict longer-term exploration, and extensions will depend on country-specific rules. Additionally, the visa does not impact employment or business licensing regulations. Companies looking to expand operations across the GCC will still need to navigate local laws and permits. Tourists must also be aware of individual country requirements, such as vaccinations or specific entry protocols, which may vary despite the unified visa. Understanding these limitations ensures businesses and travelers plan effectively within the visa's scope. What's Next: Preparing for the Rollout The GCC Unified Tourist Visa is expected to launch by the end of 2025, with final preparations underway across member states. Ministries of Interior and tourism agencies are finalizing digital platforms for seamless online applications, ensuring a user-friendly experience. UAE businesses should start preparing now by updating offerings to include regional packages, partnering with GCC-based travel providers, and marketing to international audiences. For example, hotels could develop promotions tied to multi-country itineraries, while tour operators could design cross-border experiences. Residents should monitor official government portals, such as the UAE's visa page or the GCC Visa's official website, for updates on costs, eligibility, and application processes. Travel agencies in Dubai can begin crafting competitive deals to attract early adopters once the visa launches. By staying proactive, businesses and residents can maximize the opportunities presented by this transformative initiative. Beyond economic benefits, the visa fosters stronger ties among GCC nations, promoting cultural exchange and regional integration. As the launch approaches, Dubai's businesses and residents should prepare to embrace this new era of travel, seizing the opportunities to explore, connect, and thrive in a more connected Gulf. The GCC Grand Tours Visa isn't just a travel document; it's a catalyst for a vibrant, unified region ready to welcome the world. Also Read: UAE Emerges as One of the World's Top 7 Tourist Spending Hubs The UAE's tourism sector delivered a record-breaking performance in 2024, contributing AED257.3 billion (US$70.1 billion) to the national GDP—13% of the country's economy—according to the latest report from the World Travel and Tourism Council (WTTC). Dubai Attracts 8.68 Million Tourists as Visitor Numbers Rise 7% in Early 2025 Dubai welcomed 8.68 million international visitors between January and May 2025, marking a 7% year-on-year increase, according to the latest figures from the Dubai Department of Economy and Tourism (DET). Middle East Travel Spending to Hit $350bn by 2030 as Tourism Grows 50% Travel spending in the Middle East is set to soar 50% by 2030, reaching nearly $350 billion, according to the ATM Travel Trends Report 2025 released by Arabian Travel Market in partnership with Tourism Economics. UAE Nationals Can Stay in Japan for 90 Days Without a Visa Starting July 1 Japan will extend its visa-free stay for United Arab Emirates (UAE) nationals from 30 to 90 days starting July 1, 2025, in a move expected to boost tourism and strengthen business ties between the two countries. The New Layover Luxury: How Airports Are Becoming Destinations in Themselves Explore how airports are becoming lifestyle hubs, mini-cities and luxury retreats. From stunning architecture to wellness zones and curated layover experiences, here's how airports are rewriting the travel narrative.
Fintech News ME
19 hours ago
- Fintech News ME
Gulf Cooperation Council to Launch Unified Tourism Visa for Member States
The Gulf Cooperation Council (GCC) is set to introduce a unified tourism visa, as announced by GCC Secretary General Jassem Al Budaiwi on Wednesday (July 2). According to The Gulf News, Al Budaiwi commended the collaborative efforts of the Gulf states in progressing the initiative, which aims to facilitate easier travel across the region. Once implemented, the single visa will allow tourists to move freely between the six GCC member countries: Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the UAE. 'The unified visa reflects the vision of our leaders to strengthen integration and cooperation,' said Al Budaiwi. He added that the move aligns with broader plans to modernise the region's travel infrastructure and to support economic growth through tourism. The new visa, officially named the GCC Grand Tours Visa, was approved in November 2023 during the 40th meeting of GCC interior ministers in Oman. The initiative draws parallels to the Schengen visa in Europe and represents a notable step in the Gulf's efforts to diversify its economies, attract international visitors, and encourage intra-regional tourism. Although the final details have yet to be confirmed, the visa is expected to allow travel to all six member states with a single application. It will reportedly be valid for tourism and family visits, available exclusively through an online portal, and offered with a validity period likely ranging from 30 to 90 days. Applicants may also have the option to apply for a visa covering a single country or all six. The scheme is expected to reduce the cost and administrative burden compared to applying for separate visas for each country. Requirements for applicants will likely include a valid passport with at least six months' validity, a completed online application form, a recent passport-sized photograph, proof of accommodation such as hotel bookings or an invitation letter, travel insurance that includes medical coverage, evidence of sufficient funds such as bank statements, and a return or onward travel ticket. Once launched, applicants will be able to submit their information through an official website, select their visa type, upload the required documents, pay the relevant fees online, and receive their e-visa via email. A printed or digital copy will be needed for airport procedures.
