Dubai approves AED 74.5 bn budget for integrated waste management

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Dubai has approved the Integrated Waste Management Strategy for 2021-2041 with a budget of AED 74.5 billion.

The strategy was adopted during a meeting of the Executive Council of Dubai at Expo 2020 Dubai's DP World Pavilion, chaired by His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Dubai's Crown Prince and Chairman of the Executive Council.

Sheikh Hamdan praised the Government of Dubai’s achievements in 2021, which contributed to further strengthening the city’s position as a leading global destination that is able to create various opportunities and nurture success.

He said that 2022 will be a transformative year that will see the Dubai Government achieving new milestones.

"We continue to draw inspiration from the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to strengthen Dubai’s position as a leading destination for investors, entrepreneurs and visitors," added Sheikh Hamdan.

The Integrated Waste Management Strategy, which aims to encourage innovation in waste management, recycling and energy conversion, complements a range of projects adopted by the Executive Council in the areas of sustainability, environmental conservation, quality of life development and building a sustainable future.

Sheikh Hamdan highlighted how the private sector’s direct contribution to the strategy's 2021-2041 budget amounts to AED 70.5 billion.

It seeks to implement long-term projects over the next 20 years by providing practical solutions to environmental challenges in line with the environmental objectives outlined in the government's agenda.

It also aims to enhance efforts to enrich all vital areas and sectors.

Sheikh Hamdan praised the various efforts that contributed to significant economic growth across various key sectors in Dubai during the first nine months of 2021.

The emirate’s GDP growth rate reached 6.3 per cent, driven by a qualitative jump in the second quarter, which recorded a growth of 17.8 per cent compared to the same period in 2020.

This growth reflects Dubai's successful strategy in dealing with the pandemic and underscores the pivotal role of trade in enhancing economic performance.

During the meeting, The Executive Council of Dubai also approved the 2022 agenda, which includes comprehensive development projects and initiatives that focus on diversifying sources of investment, increasing investments in modern technology, and focusing on the knowledge-based economy.

The agenda also focuses on urban planning and infrastructure, which contributes to enhancing Dubai's attractiveness as a tourism and investment destination.

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