With major economies like the United States and UK still not fully recovered from the economic turmoil, it makes sense to look for employment prospects outside these countries and move into newer avenues. UAE, for one, is a lucrative option. The region is a home to multiple high growth industries, wonderful jobs that offer salaries that are tax free and a vibrant multicultural work environment to work in. If you are ready to take the road to this Middle East paradise, this piece of information will serve as most important in your pursuit.
College is over and you are finally looking to make a future where you will be self dependent, making lots of money, buying assets that are your own for calling, and enjoying vacations at the most exotic places. However, for all these you need to have a well paying job, which can be possible only in a strong economic environment. The 2007-08 financial crisis has left more than a scar on most major economic powers, the United States, the United Kingdom and other European countries to name a few. New employment opportunities dried up in the follow up, and a complete recovery is still far away. This might have been a blow to the career chances of fresh graduates in these countries, however vibrant and emerging economies like that of UAE, which already is a favorite destination of expats saves the day. UAE is buzzing with a lot of new career opportunities and the following industries are the most happening of all:
Dubai’s successful Expo 2020 bid has boosted UAE’s hospitality sector and will continue to do so in the years ahead. The hospitality sector of UAE already enjoys a good reputation for the consistently high occupancy rates. The country ranks amongst the top five countries in the world for new hotel openings in the past five years. According to data provided by HotStats, hospitality industry in Dubai showed no signs of easing as the key performance indicators were at their maximum level amongst all the five cities surveyed in the Middle East and North Africa region. Strong economic activity within the country as well as the increased visitor rate has driven demand for Dubai’s hotels. The professionals have reasons to cheer. As the country adds more hotels, more employees will be hired for the increased workload. Whether small or big, Jumeirah, Hyatt or others, all are hiring and that also includes a plenty of jobs for fresher in UAE.
Oil & Gas:
Oil & Gas has always been the stronghold of the GCC nations, which includes names like Bahrain, Oman, Qatar, Saudi Arabia and UAE amongst others. UAE stands prominently as it exports to the world around USD 118.08 billion worth of petroleum. In fact, the prosperity of UAE and its rapid transformation from a backward desert country to a blooming world economy wouldn’t have been possible without the discovery of oil and gas reserves. Most expats work in this industry itself. Multiple surveys have confirmed this fact that Oil and Gas will prove one of the most attractive industries for jobs and as the demand soars, so will salaries. Oilcareers.com also made this clear that the global oil industry is heading for its best performance and there could not have been a better time to enter this industry.
Banking and Finance:
If you want a job with best growth, better pay and frequent increments, banking and finance industry is the place to be. Findings from Robert Half UAE show that professionals across accounting and finance industry will see strong employment prospects. According to the research, senior executives in various organizations plan to maintain or increase the current staff levels over the period of next six months. In addition, one in three senior executive plans to recruit new permanent staff in the first half of the year 2014. These are clear indications that there will be a positive sentiment around new accounting jobs in UAE.
Construction & Real Estate
Dubai is a city known for its gravity-defying skyscrapers. Whether it’s Burj Dubai or Jumeirah Plaza, there are plenty of modern architectural wonders in this city. Now, with Mall of the World, the city will have the largest of all shopping malls in the world. The plans are all laid out. With the growth in family and retail tourism, Dubai’s existing infrastructure is going to get a major overhaul which is why construction and real estate will be amongst the hottest sectors for employment purposes.