Saving scheme for foreign employees in gov’t roles to increase UAE’s talent attraction and retention: experts – ArabianBusiness

Saving scheme for foreign employees in gov’t roles to increase UAE’s talent attraction and retention: experts – ArabianBusiness

The newly announced saving scheme for foreigners working in the Government of Dubai will go a long way in increasing the emirate’s talent attraction and retention capabilities, as well as boost the UAE’s economy, industry experts told Arabian Business.

The integrated system will offer government employees various saving opportunities across financial portfolios to grow their benefits and savings for the future.

“This initiative will definitely provide a positive boost to the UAE economy as it will allow for capital to be invested through locally managed firms and potentially increase investments in local products as well. A similar initiative was first implemented in the DIFC and has been a great success and we are excited to see this initiative be rolled out further,” said Ramzi Khleif, general manager of StashAway MENA.