Circular Economy in the Maritime Industry in UAE Implementation Challenges and Management Perception

A Master of Business Administration (MBA) by Muna Mohamed Alsuwaidi entitled, “Circular Economy in the Maritime Industry in UAE Implementation Challenges and Management Perception”, submitted in November 2024. Thesis advisor is Dr. Hasnan Baber. Soft copy is available (Thesis, Approval Signatures, Completion Certificate, and AUS Archives Consent Form).

Abstract

The marine industry is vital for global trade and economic development, but it significantly contributes to environmental degradation. The concept of a circular economy offers a sustainable solution by minimizing waste and promoting resource efficiency. This study focuses on the marine sector in the United Arab Emirates. The first section examines the concept of a circular economy within the maritime industry, highlighting initiatives in the United Arab Emirates' maritime sector. It analyzes primary challenges and barriers, considering stakeholders' perspectives. Furthermore, the role of Environmental, Social, and Governance frameworks, the concept of the Fifth Industrial Revolution, and remanufacturing practices in promoting sustainability within the maritime sector is investigated. The study also addresses the increasing adoption of remanufacturing as a sustainable alternative for managing products at the end of their life cycle, which is more efficient than traditional recycling and essential for environmental resilience. Interviews with maritime industry professionals provided insights into the challenges faced during the transition to a circular economy. The results affirm the transformation of the United Arab Emirates’ maritime sector toward sustainability, emphasizing its leadership in aligning global and national practices. Key barriers to adopting circular economy principles include regulatory gaps, operational inefficiencies, and resistance to change. Insights from management perspectives underscore the importance of leadership commitment, while cultural obstacles highlight the need for societal shifts. The study proposes overcoming these barriers through global regulatory alignment, financial incentives, and collaborations with research institutions. This research aims to promote sustainable practices in the maritime sector, contributing to the United Arab Emirates’ net-zero emissions goal by 2050. It concludes with recommendations for addressing these challenges and facilitating the adoption of circular economy strategies, aiming to assist policymakers, corporate leaders, and researchers in advancing environmental sustainability in the maritime field.