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The top five include: This is the time for CEOs and investors within the region to step up, take the lead and partner together for inclusive growth. Oil-importing economies in the region are also establishing goals to advance social progress and protect the environment.
Better Business, Better World MENA puts a price tag on the economic opportunities if the entire region pursues a more inclusive, sustainable pathway, as outlined by the Global Goals. According to the report, pricing of externalities alone, for example, could boost the total prize value by 40 percent.
According to the Business Commission, Developments in urban construction, mobility, and infrastructure will generate nearly 6 million jobs. One World Bank study shows that the region could generate 2. Almost one-fifth of the total employment potential in the region —around 2.
Sustainable business models could also open up 3 million jobs related to energy and materials, 2.
Blended financing—where public and philanthropic bodies take on the high risk and more policy-sensitive tranches of investment—can fill the funding gap and help bring in private investors at lower risk.
One study shows that such investment could boost growth by as much as an estimated 3. The Business and Sustainable Development Commission argues, however, that business can only realise the Global Goals opportunity by paying its fair share of taxes, creating good jobs with fair wages and conditions, and addressing rising unemployment, particularly among young people and women.
Businesses in the region can also provide solutions to promote inclusivity and connectivity to displaced and refugee populations. Governments can build on the progress they have made in implementing reforms and opening opportunities for business.
It now takes on average just 17 days to start a new business in the region, compared to more than 43 days in Governments can do more to combat corruption, work with business and create enabling policies to support growth, competitiveness and productivity.
Finally, civil society must continue its important work monitoring companies and holding them accountable. As we move closer tothe world will need more companies working closely with civil society to ensure the fulfilment of labour rights, gender equality and environmental stewardship.
New economic growth potential and directions can be uncovered when we adjust our thinking.
Our joint efforts and the recommendations of the report will stimulate a discussion for expanding engagement with the private sector in Egypt.New report also identifies key market “hotspots” that could generate up to million new jobs in the MENA region “As countries in the Middle East and North Africa rise up to open new opportunities for women, welcome refugees and diversify their economies, there remains a long road for the.
SNC-Lavalin’s Atkins business is one of the world’s most respected design, engineering and project management consultancies. ConocoPhillips’ Asia Pacific and Middle East segment forms the company’s largest business unit by volume. Operations consist of producing fields in China, Indonesia, Malaysia, Qatar, Australia and Timor‑Leste, as well as liquefied natural gas production and export in Australia and Qatar.
Add this topic to your myFT Digest for news straight to your inbox. The Middle East and North Africa is brimming with potential. But long-standing problems like power shortages, youth unemployment, and a lack of access to finance have conspired to hold back economic growth in this region of million. ConocoPhillips’ Asia Pacific and Middle East segment forms the company’s largest business unit by volume. Operations consist of producing fields in China, Indonesia, Malaysia, Qatar, Australia and Timor‑Leste, as well as liquefied natural gas production and export in Australia and Qatar.
Doing Business MIDDLE EAST AND NORTH AFRICA (MENA) 4 INTRODUCTION Doing Business sheds light on how easy or difficult it is for a local entrepreneur to open and run a small to medium-size business when complying with relevant.
Add this topic to your myFT Digest for news straight to your inbox. To accompany the videos, a new Human Rights Watch report, “Audacity in Adversity,” highlights the resilience of LGBT movements throughout the region and how they are making change in the face.