UAE’s professional job opportunities increased last year, says Morgan McKinley
28 January 2014
The professional jobs market continues to accelerate in the United Arab Emirates, according to a new survey in the region.
Tue, 28 Jan 2014The professional jobs market continues to accelerate in the United Arab Emirates, according to a new survey in the region.
Global professional services recruiter Morgan McKinley’s UAE Employment Monitor shows professional job vacancies in the UAE rose by 12% between Q4 2012 and Q4 2013, with a 9% increase in roles.
Professionals looking for new positions in Q4 2013 totalled 38,043. This represents a 6% increase on the 35,790 that were seeking work in Q3, and a 14% rise on the 33,476 jobseekers who were searching for new job opportunities in Q4 2012.
Trefor Murphy, managing director, Morgan McKinley UAE, says: “The UAE economy continues to grow at a steady pace. Furthermore, with recent reports showing that Dubai’s stock market surged to a new five-year high last week, we are confident that growth will intensify throughout 2014.”
He says that the construction market continues to expand, and gives the example that the UAE has already committed to investing $7.6bn (£4.6bn) in the Dubai Metro and another $3.26bn on several major road projects.
“This increased investment has already created the need for business development, tendering and quantity surveying professionals, and we expect this demand to intensify over the coming months,” he explains.
Elsewhere, the banking & finance, supply chain and procurement sectors all continue to perform well, particularly towards the latter part of last year.
Murphy concludes: “Finally, while the demand for PR and sales & marketing professionals flatlined for the majority of 2013, there was a significant increase in requirements for professionals within these areas throughout the last quarter of 2013. This is indicative of renewed confidence in the region as employers begin to invest in this area once again.”
Global professional services recruiter Morgan McKinley’s UAE Employment Monitor shows professional job vacancies in the UAE rose by 12% between Q4 2012 and Q4 2013, with a 9% increase in roles.
Professionals looking for new positions in Q4 2013 totalled 38,043. This represents a 6% increase on the 35,790 that were seeking work in Q3, and a 14% rise on the 33,476 jobseekers who were searching for new job opportunities in Q4 2012.
Trefor Murphy, managing director, Morgan McKinley UAE, says: “The UAE economy continues to grow at a steady pace. Furthermore, with recent reports showing that Dubai’s stock market surged to a new five-year high last week, we are confident that growth will intensify throughout 2014.”
He says that the construction market continues to expand, and gives the example that the UAE has already committed to investing $7.6bn (£4.6bn) in the Dubai Metro and another $3.26bn on several major road projects.
“This increased investment has already created the need for business development, tendering and quantity surveying professionals, and we expect this demand to intensify over the coming months,” he explains.
Elsewhere, the banking & finance, supply chain and procurement sectors all continue to perform well, particularly towards the latter part of last year.
Murphy concludes: “Finally, while the demand for PR and sales & marketing professionals flatlined for the majority of 2013, there was a significant increase in requirements for professionals within these areas throughout the last quarter of 2013. This is indicative of renewed confidence in the region as employers begin to invest in this area once again.”
