Saudi Arabia's Circular Economy Path to Global Leadership

Muhammad Usman Akram, Aamir Iqbal Ghazanvi and Muhammad Abubakar

International Journal of Business and Management, 2025, vol. 20, issue 3, 46

Abstract: This paper establishes that pursuing a circular economy is central to the success of Vision 2030 whereby Saudi Arabia has laid down its plan to shift from an oil-reliant economy to one that is innovation and sustainability-based. This paper looks at the renewable energy policies of the Kingdom with a special focus on renewable energy and green policies including the Neom project and Saudi Green Initiative. While notable progress has been achieved, certain areas require further enhancement, such as refining legislation, advancing technology integration, and fostering adaptability within organizational cultures. These aspects therefore require policy improvement, increased investment in, and public awareness of innovation. Additionally, given that Saudi Arabia is already leading the world in green hydrogen, with such ongoing visionary projects and effective collaboration across the region and the rest of the world, there is little doubt that the country is a solid part of the sustainability wave. This paper discusses the environmental, economic, and geopolitical impact of Saudi Arabian circular economy active strategies and future recommendations that can be implemented. Thus, Saudi Arabia can obtain economic diversification, keep its environment safe, and have a global impact - all in one century, becoming an example of 21st-century sustainability.

Date: 2025
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