Emiratis in private sector-JOB UAE

Private companies in UAE will have to fill 10% of their positions with Emirati nationals within five years

Private sector companies in the UAE will have to fill 10% of their positions with Emirati nationals within five years, the UAE said on Sunday, announcing its latest tranche of economic reforms.

The initiatives are part of 50 new economic projects the UAE is announcing this month to boost its competitiveness.

The regional business and tourism hub has launched measures over the past year to attract investment and foreign expatriates to help the economy recover from the effects of the COVID-19 pandemic.

Some of these included liberalising laws regarding cohabitation before marriage, alcohol and personal status laws.

"It has always been a difficult act to balance creating incentives for expats to relocate to the UAE and stay for a long time while creating gainful employment for the citizen population," said Hasnain Malik, head of equity strategy at Tellimer.

"Anything that raises the all-in, operating cost of foreign-owned companies reduces the competitiveness of the UAE as a location," he said, commenting on the new private sector measures.

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