Job outlook in the UAE for 2020
Posted on August 5, 2020
The United Arab Emirates (UAE) has plenty of job opportunities, but the majority of jobs in the UAE are in Abu Dhabi and Dubai. The cost of living is relatively expensive, particularly in these two cities, but as the standard of living is world-class, you get your money’s worth.
Major industries in the UAE include:
- Boatbuilding and ship repair
- Handicrafts and textiles
- Petroleum and petrochemicals
The UAE has a range of growth industries including the energy sector needing specialists in science, technology, engineering and math (STEM). There is an increased demand for tax specialists with the introduction of VAT. Consequently, accountancy and banking students can find many opportunities in the real estate and finance industries.
The Coronavirus pandemic has no doubt caused an impact on the job outlook for the UAE. According to a survey by Robert Half, the global recruitment consultancy, the sectors most affected by the pandemic are construction, retail sector, hotels and restaurants could see a loss of more than 48,000 jobs due to the pandemic.
On the bright side, sectors such as government utilities, businesses involved in IT services and the FMCG sector have increased their hiring numbers and there is a demand for skilled professionals such as software engineers, finance managers, cybersecurity experts, financial planning analysts etc.
Hiring has slowly started picking up in the UAE from June and essential roles are being advertised which was earlier stalled due to COVID. Employers are also searching for superior skills and expertise that can be tailored to fuel digital transformation in companies that want to make progress.
LinkedIn reported that hiring in the UAE is in recovery from a steep fall due to the coronavirus pandemic.
However, salary growth for new joiners will take time as businesses gear up for the new normal and adapt to better technologies.
Though the Coronavirus pandemic has affected the UAE job market, the job outlook for the country is looking positive as things are changing for the better