Job opportunities in the UAE are constantly increasing due to the large number of expanding industries. Only for a month, the professional jobs market saw a rapid rise, with 12% increase in recruitment across the country, according to data from latest Morgan McKinley report.
The global professional recruitment consultancy has just released their latest data from the Employment Monitor, which tracks professional job vacancies and active job seekers within the UAE. While January was slow in terms of recruitment due to the New Year break, February recorded a rapid growth of 12 percent month-on-month rise in positions. From 1,996 in January, the available positions across the emirates increased to 2,238 in February. There’s an increase from the same period last year, too, when the number of new jobs was 2,101. The data also reveals a monthly increase in the number of active job seekers this February – from 10,620 in January, the candidates actively seeking professional opportunities went up to 11,366, or a rise of 7 percent. The year-on-year increase is even greater – around 12 percent.
Commenting on the reasons of the growth in the jobs market, Trefor Murphy, Managing Director at the local company’s headquarters, explains that there are several key sectors, which are driving this jump. The power industry, which is traditionally strong in the region, continues to expand, with rising demand from chemical plants across Saudi Arabia and Iraq. The region, according to him, is searching for a diversification from the crude oil exports and is moving to increasingly popular petrochemicals and renewables. Another key factor for the growth of the local job market is the coming of more and more oil and gas operators from Africa and Iraq, demanding professionals with specific expertise. The food and beverage industries are also expanding and searching for more supply chain, procurement and manufacturing experts.
The latest Business Confidence Survey, conducted by the Department of Economic Development (DED) in Dubai showed rising confidence and optimism for sales and hiring in 2014 among leading companies in Dubai. The index revealed that about 39 percent of firms in the emirate expect to hire employees in the first quarter in 2014. Now online job portal Bayt.com, posted data on companies’ confidence across the UAE – according to them, 61 percent of the firms surveyed, admit they will either probably or definitely hire in the next three months. The online survey collected opinions of companies and employers from the UAE, KSA, Kuwait, Oman, Bahrain, Lebanon, Syria, Jordan, Egypt, Morocco, Algeria, and Tunisia. The numbers reveal that 59 percent of all participants in the region say they will be hiring in the next three months either for their organization or for their clients.
