UAE jobs up by 10%: Here are the sectors where you will find the most vacancies

UAE jobs up by 10%: Here are the sectors where you will find the most vacancies

The UAE saw a 10 per cent increase in job creation in the second quarter of 2022 as compared to the first quarter, according to Cooper Fitch’s latest report.

It also saw the biggest jump in job creation among Gulf countries, followed by Bahrain at nine per cent, Oman at six per cent, Qatar at four per cent and Saudi at three per cent. Kuwait’s job market contracted by two per cent in Q2 this year.

The country's latest initiatives to attract top talent through different reforms such as Golden Visas have been paying off very well, as high net worth individuals and freelance professionals flock to the country for better returns on investments as well as safety against the pandemic.

UAE's economy has been growing at a very strong pace on the back of high oil prices, expanding by an estimated 8.2 per cent in the first quarter. It’s expected that real gross domestic product (GDP) is expected to grow 5.4 per cent this year and 4.2 per cent, thanks to higher oil production and a government pledge to double the manufacturing sector’s size by 2031.

Additionally, UAE’s monthly Purchasing Managers Index (PMI), a key indicator of the private sector’s performance, has also