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04 May 2024

UAE job market...demand up in several sectors

Published
By Shuchita Kapur

Even though it could take years before employment returns to ‘normal’ levels, there are some sectors that are growing in the country and have been adding jobs to the market consistently this year.  On the other hand, some still remain depressed with limited recruitment activity.

According to Konstantina Sakellariou, Partner, Marketing and Operations Director at Stanton Chase: "The construction and real estate sectors obviously are still very slow, while the industrial sector, technology and healthcare sectors see growth.”

“I see more jobs to go in certain sectors [like] investment banking [and] possibly retail,” Peter Greaves, Director, Head of Financial Markets at McArthur Murray, Dubai told 'Emirates24|7'.

Listing on Bayt.com show that maximum number of job advertised are within the management category, sales and engineering. On the other hand, areas such as quality control, research, safety, legal and logistics are generating the least number of jobs.

According to Monster.com, retail/trade and logistics lead all sectors in six-month (March to August) growth; whereas, IT and telecom/ISP registered a six-month decline.

The figures of Monster.com show that retail/trade and logistics (up 17 per cent) sector recorded an additional seven percent growth in online opportunities over July and led all industry sectors in six-month growth. BFSI (up 13 per cent) continued to record steady long term growth but IT and Telecom/ISP (down 20 per cent) registered the most dramatic decline in online job growth over a six-month period.

On occupation six-month trends, Monster survey shows that finance and account (up 21 per cent) continues to lead all occupation groups in six-month growth in demand. Month-on-month demand for the group receded five points between July and August.

Healthcare (up three per cent) became only group to register successive month-on-month growth since Jun’11 as the group gained 14 per cent growth between July and August.

The longer-term growth rate, however, tempered from seven per cent in July to a more moderate three per cent in August.

Marketing and Communications/Arts/Creative (down 11 per cent) and sales and BD (down 11 per cent) recorded the steepest six-month decline among occupational groups.

However, there are some experts in the industry that do not believe in segregating growth areas. “Job generation has been spread across a number of sectors: there is not one industry that stands out in this regard,” Cliff Single, Commercial Manager at BAC Middle East told this website.