10.24 PM Thursday, 28 September 2023
  • City Fajr Shuruq Duhr Asr Magrib Isha
  • Dubai 04:53 06:06 12:12 15:35 18:12 19:26
28 September 2023 $dmi_content.escapeHtml4($rs.get('weather.code.w${report.significantWeather.code}')) Max: 37 °

Qatari financial sector to create 5,200 new jobs

Rise year-on-year over the past four years in new jobs. (REUTERS)

By Staff Writer

As many as 5,200 new financial services jobs will be created in Doha in 2010, driven by an increase in foreign investment and the comparative strength of the Qatari economy, according to forecasts by Kinsey Allen International, the global search company.

Doha's financial services industry will employ 20,100 people by the end of the year compared to just 6,200 people in 2006.

In the two years that followed, 4,100 more jobs were created. In 2008 and 2009, a further 4,600 more financial services jobs were generated as the industry expanded to employ about 14,900 people.

James Bridgman, Managing Director of Kinsey Allen's Middle East operations, said: "The number of people working in the financial services sector in Qatar has risen by an average of 35 per cent year-on-year over the past four years. That trend is set to continue in 2010 with the number of people employed in the financial services expected to grow 7.7 per cent per quarter in the 12 months."


Keep up with the latest business news from the region with the Emirates Business 24|7 daily newsletter. To subscribe to the newsletter, please click here.