Dubai nailed its status as global hub for tech talent with 10—year residency visas

Dubai nailed its status as global hub for tech talent with 10—year residency visas

Dubai: UAE’s issuance of longer term residency visas and those for remote working have bene the biggest motivating factors in attracting tech experts. The benefits from doing so are starting to show up in the local economy and within the tech sector. And to address inflationary pressures, UAE is now offering select startups office space with two years of free rent and health insurance for employees, all the while making it easier for talent to attain work visas. It also established incubators such as Dubai’s Area 2071 and recruited venture capital firms to establish local offices. Before the pandemic, the global shortage of tech workers was expected to reach 4.3 million by 2030. “The pandemic has heightened demand for digital services - Dubai recognized this appeal very early on in the game, attracting tech experts from four corners of the world,” said Faisal Hamady, Managing Director and Partner at the consultancy Boston Consulting G. “A major catalyst in talent attraction is Dubai’s ongoing visa offerings which are a first in the region and further grounded the hub as one of excellence.” BCG, which studied Dubai and other global tech hubs, said a right mix of policies could enhance a region’s