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Entrepreneurship and Sustainability Issues Open access
Journal Impact FactorTM (2024) 1.3 Q3
Journal Citation IndicatorTM (2024) 0.26 Q4
Received: 2024-08-10  |  Accepted: 2024-11-11  |  Published: 2024-12-30

Title

Innovative pathways to a circular economy in Saudi Arabia and its spillover effects on the Arab Region


Abstract

This paper examines the transition towards a Circular Economy (CE) in Saudi Arabia and its potential spillover effects on the Arab region. The concept of a Circular Economy is based on stimulating production that reduces waste and pollution, keeping revenues and consumption expenditures within a closed circle. The paper will follow the numerous pathways of innovation that Saudi Arabia is taking to develop sustainability in the light of technological advancements, policy innovations, and new business models. SWOT analysis of the identification of strengths, weaknesses, opportunities, and threats in implementing CE practices in the Kingdom; the advanced waste management, recycling initiatives, water conservation efforts, and closing with the importance of research and development. The paper highlights how Saudi Vision 2030 underlines those initiatives directed toward economic diversification, environmental sustainability, and reducing the Kingdom's reliance on oil revenues. This paper also attempts to identify how the CE efforts of Saudi Arabia are likely to impact regional collaboration and policy harmonisation, promoting economic and environmental benefits related to the Arab region. The findings underscore that the strategic investments and policy commitments will render the Kingdom a sustainable and resilient economy. The paper also discusses how public-private partnerships and international collaborations may drive the CE agenda. In a nutshell, the Kingdom of Saudi Arabia is best positioned to lead the Arab region in the practice of CE, thereby contributing to regional economic integration, promoting environmental sustainability in the Arab region, and tying the region to global sustainability efforts.


Keywords

circular economy, Saudi Arabia Vision 2030, sustainability, spillover


JEL classifications

Q10 , Q32


URI

http://jssidoi.org/jesi/article/1262


DOI


Pages

314-332


Funding

The authors extend their appreciation to Princess Nourah bint Abdulrahman University Researchers Supporting Project number (PNURSP2024R705), Princess Nourah bint Abdulrahman University, Riyadh, Saudi Arabia.

This is an open access issue and all published articles are licensed under a
Creative Commons Attribution 4.0 International License

Authors

Alturif, Ghada
Princess Nourah bint Abdulrahman University, Riyadh, Saudi Arabia http://pnu.edu.sa
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Saleh, Wafaa
Edinburgh Napier University, Edinburgh, United Kingdom https://www.napier.ac.uk
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Rezk, Mohamed Ramadan A.
Academy of Scientific Research & Technology, Cairo, Egypt http://www.asrt.sci.eg
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Hassan, Mohammed Mahgoub
National Centre for Research, Khartoum, Sudan https://ncr.gov.sd
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Piccinetti, Leonardo
Sustainable Innovation Technologies Services Ltd., Castletroy, Ireland https://sinnovations.org
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El-Bary, Alaa A.
Arab Academy for Science Technology & Maritime Transport, Cairo, Egypt http://www.aast.edu
Academy of Scientific Research & Technology, Cairo, Egypt http://www.asrt.sci.eg
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Journal title

Entrepreneurship and Sustainability Issues

Volume

12


Number

2


Issue date

December 2024


Issue DOI


ISSN

ISSN 2345-0282 (online)


Publisher

VšĮ Entrepreneurship and Sustainability Center, Vilnius, Lithuania

Cited

Google Scholar

Article views & downloads

HTML views: 628  |  PDF downloads: 250

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