UAE Inc is hiring again

A cross-section of sectors say that expansion is part of their future plans

There’s good news for those of you out there who believe they are overworked and underpaid – and couldn’t do anything about it because of the slowdown.

UAE Inc. is, once again, in the hiring mode, recruitment experts have confirmed to Emirates 24|7.

Sectors ranging from food manufacturing, consumer and retail to industrial and technology (especially IT and telecom) are all on a hiring spree, experts say, with aviation, logistics and transport sectors readying to employ more than hundred thousand people in the next five to 10 years in the region.

Expectedly, real estate hiring hasn’t picked up; at least not yet, but the other side of the recessionary coin – banking and finance – is witnessing an upturn in recruitment. Besides, hiring in the real economy seems to be on an upswing.

Hiring in food manufacturing is definitely getting hot.

“Food manufacturing sector has been in prominence over the last year or so, and is a hot place for employment opportunities, largely because many food manufacturing companies are coming up in the UAE,” Ian Giulianotti, Associate Director, Recruitment and Training, Nadia, UAE, the recruitment, Training and HR consultancy firm, said.

Among the other sectors that are once again opening their doors for new recruits are engineering and facility management, Giulianotti said.

“Hiring in the banking sector, especially retail banking sector, has slowed down,” he said.

“However, on the investment banking side, there’s still some hiring going on. Hiring for private banking and wealth management professionals is also up this year,” he added.

According to Panos Manolopoulos, Vice Chairman (Regions), Managing Partner Middle East, Stanton Chase International, sectors that are doing better than the rest are industrial, consumer, retail, luxury, healthcare, pharmaceuticals, and logistics.

“We are going to see good hiring in the oil and gas, consumer, retail, industrial, education, technology, healthcare, wealth management and investment funds sectors at the middle and lower level management levels, but not at the same level and quantity as was the case before,” he said.

He said aviation, logistics and transport sectors are going to employ more than hundred thousand people in the next five to 10 years in the UAE and the region.

Time to touch up that CV?
 

 

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