Such business policies could create as many as 12.4 million jobs by 2030.

Ankush is a journalist hailing from India, who has edited and written for publications in his home country, the UAE, US, and UK. Previously the editor of Gulf Business in Dubai and of Entrepreneur in India, Ankush is a keen student of economics, a follower of Manchester United since 1996 and a disciple of Archer.

Sustainable business policies could unlock as much as $637 billion in economic value for firms in the Middle East and North Africa (MENA), a new study has claimed.

According to Better Business, Better World Mena, part of a series of reports first published in January this year, such policies could create as many as 12.4 million jobs by 2030.

Published by the World Economic Forum’s Business & Sustainable Development Commission, the majority of economic benefit will be achieved in the energy and materials sector with $229 billion.

This would be followed by cities with $183 billion, health and well-being with $133 billion and food and agriculture by $92 billion, the study said.

“There remains a long road for the region as a whole to become inclusive and sustainable,” said Mark Malloch-Brown, chair of the Business and Sustainable Development Commission.

The best opportunities for unlocking value from the four sectors identified by the report are improved energy efficiency in buildings ($52 billion) followed by affordable housing ($50 billion).

This was followed by circular models in the automotive industry ($37 billion), resource recovery ($33 billion), and risk pooling in healthcare ($31 billion).

On jobs, the commission said that sustainable policies could create 6 million jobs in urban construction, mobility, and infrastructure, 3 million jobs related to energy and materials, 2.1 million in health and well-being, and more than 1.5 million in food and agriculture.