UAE jobs surge 25% in a year: Click to know 'booming' sectors

The UAE jobs market is witnessing a surge following 14 months of slump from March 2013 until April 2014, with the Monster Employment Index for the UAE rising 25 per cent on the year – the steepest growth among all monitored countries by the index.

If you are looking to get a job or change your current employer in the UAE, these three sectors should be high on your job search list.

According to the latest index, BFSI (banking, financial services and insurance), healthcare and construction (engineering, construction and real estate) are the sectors that are adding most jobs in the UAE and thus increasing employment opportunities for the jobseekers.

BFSI is the top-growth sector by the way of long-term growth in the country with a 17 per cent y-o-y growth. A 12 per cent growth was witnessed in healthcare and the country registered a robust y-o-y growth of 11 per cent in engineering, construction and real estate sector, primarily due to the demand for property in the country.

Year-over-year growth

June 2013

June 2014

% Growth Y-o-Y

UAE

89

111

25%

Egypt

128

158

23%

Oman

96

109

14%

Kuwait

114

129

13%

KSA

115

121

5%

Bahrain

124

124

0%

Qatar

132

125

-5%

Source: Monster Employment Index ME

Regionally, the Index continues to trend on a robust growth path by charting 23 per cent growth year-on-year. Hospitality led all monitored industry sectors by the way of long-term growth. Consumer goods/FMCG, food & packaged food, home appliance, garments/ textiles/ leather, gems & jewellery registered the steepest decline.

UAE Top Growth Industries

June 2013

June 2014

% growth y-o-y

BFSI

111

130

17%

Health Care

118

132

12%

Engineering, Construction and Real Estate

106

118

11%

Source: Monster Employment Index ME

“Monster Employment Index has shown remarkable growth in online recruitment led by steep growth in the UAE and stable growth in most of the Gulf countries monitored by MEI. The hospitality sector, which is the key driver of economic growth and diversification for many Gulf countries, has exhibited the most significant growth.” said Sanjay Modi, Managing Director, Monster.com (India/Middle East/South East Asia/ Hong Kong).

UAE Top Growth Occupations

June 2013

June 2014

% growth y-o-y

Purchase / Logistics / Supply Chain

67

107

60%

Engineering and Production

90

110

22%

Health Care

142

157

11%

Source: Monster Employment Index ME

The Monster Employment Index is a monthly gauge of online job posting activity in Middle-East based on a real-time review of tens of thousands of employer job opportunities culled from a large representative selection of career Web sites and online job listings. The Index does not reflect the trend of any one advertiser or source, but is an aggregate measure of the change in job listings across the industry.

 

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