The American executive search firm DHR International has opened its first Middle Eastern office with Dubai as the base and despite the global recession, the company has added more people to run its expanding operations.
The company has added to its headcount in the US and has a keen focus on emerging markets.
“With the emerging economies in Asia, India and Latin America set to continue to outperform the west, the dynamics of global companies have changed. As an example, we’re seeing well governed $20-40m companies in India accelerate growth away from their domestic market. India in particular, has a long history of trading with the Middle East, so the UAE is a natural location to expand its international operations,” said Peter Greaves, DHR’s representative in the Middle East.
“Global firms based in Asia also see the UAE & Qatar, as suitable locations in terms of cost and time zone to relocate all or part of their global platform.
With billions of dollars being invested in infrastructure, manufacturing, education, healthcare & O&G, new expatriate communities are establishing here.
Russian companies have relocated hundreds of employees to the region, such as Lukoil.
Global consumer companies continue to expand their coverage to meet population growth and business demand.
The UAE & Qatar have benefited from the Arab crisis in tourism, and now Dubai in particular appears to be the preferred location for international firms preparing to launch into Africa,” he added.