Affiliation:
1. American University of the Middle East, Kuwait
Abstract
Circular economy is an alternative to traditional industrial system based on producing and consuming as much as possible. Contrary to produce and dispose model, circular economy emphasizes resource efficiency in both consumption and production cycle. This research aims to reveal potential role of circular economy with specific applications to small and medium sized enterprises in Kuwait. It is proposed that by applying circular economy concepts, Gulf Cooperation Council countries, particularly Kuwait, can achieve a competitive edge in global economy while minimizing the impact of industrial activities to the environment. Is it also proposed that small and medium sized enterprises tend to be the least efficient enterprises. Therefore, they have the highest potential for circular economy applications that lead to innovation, sustainability and resource efficiency.