Non-Oil GDP Share: 70.5% ▲ +9.5pp vs 2017 | QS Ranking — SQU: #334 ▲ ↑28 places | Fiscal Balance: +2.8% GDP ▲ 3rd surplus year | CPI Rank: 50th ▲ +20 places | Global Innovation Index: 69th ▲ +10 vs 2022 | Green H₂ Pipeline: $30B+ ▲ 2 new deals 2025 | Gross Public Debt: ~35% GDP ▲ ↓ from 44% | Digitalised Procedures: 2,680 ▲ of 2,869 target | Non-Oil GDP Share: 70.5% ▲ +9.5pp vs 2017 | QS Ranking — SQU: #334 ▲ ↑28 places | Fiscal Balance: +2.8% GDP ▲ 3rd surplus year | CPI Rank: 50th ▲ +20 places | Global Innovation Index: 69th ▲ +10 vs 2022 | Green H₂ Pipeline: $30B+ ▲ 2 new deals 2025 | Gross Public Debt: ~35% GDP ▲ ↓ from 44% | Digitalised Procedures: 2,680 ▲ of 2,869 target |
Encyclopedia

Circular Economy

Definition of the circular economy model and its application to Oman's waste management and industrial strategy.

Circular Economy

Definition

A circular economy is an economic model that aims to eliminate waste and maximise resource utilisation by designing products for durability, reuse, remanufacturing, and recycling. It contrasts with the traditional linear model of extracting, producing, consuming, and discarding.

Context

Oman is incorporating circular economy principles into its waste management, industrial, and environmental strategies. The Be’ah waste management company is developing recycling and waste-to-energy infrastructure as part of the transition from landfill dependence.

Example

An industrial symbiosis project at the Sohar Free Zone channels waste heat from a metals smelter to power adjacent manufacturing processes, reducing energy consumption and eliminating thermal waste in a circular manner.