expo 2020 to provide fillip to uae’s job market this year
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Expo 2020 to provide fillip to UAE’s job market this year

Arab Today, arab today

Arab Today, arab today Expo 2020 to provide fillip to UAE’s job market this year

Visitors looks at a model of Expo 2020 at the World Future Energy Summit 2017
Dubai - Arab Today

The health care and information technology and telecommunications (ICT) sectors are expected to drive the job market in the UAE as Dubai moves towards preparing for Expo 2020, according to the online jobs portal Monster.com.
Going by current economic growth reports, "in the current fiscal year, the market would be better as compared to the last 12 months", said Sanjay Modi, the managing director for Asia Pacific and Middle East at Monster.com. "And if that happens, there will be more expansion, and there would be more confidence [in the market], and that should throw up more job opportunities."
The IMF is projecting that the UAE economy will grow by 2.5 per cent this year, compared with 2.3 per cent last year, thanks to an improvement in oil prices.
In December online job postings in the UAE dropped by 31 per cent year-on-year, with the hospitality sector being the worst with a 64 per cent decline, according to the Monster Employment Index.
The hotel industry, which registered an average year-on-year decline of 25 per cent through 2016, is suffering from a strong US dollar, to which the dirham is pegged, the oil price rout and an oversupply of hotel rooms.
The healthcare industry showed a drop in job postings in December by 10 per cent year-on-year, Monster said, but maintained an average year-on-year growth of about 20 per cent. The UAE’s push to become a medical tourism hub along with investment going into healthcare infrastructure would help boost the sector, Mr Modi said.
Healthcare spending in the UAE, which reached US$12.9 billion in 2013, is projected to grow to $19.5bn by 2020, according to a 2016 report by Alpen Capital. The largest Medcare hospital with 150 beds is expected to open in Sharjah next quarter. A 100-bed Aster hospital is expected to open in Al Qusais, Dubai, in the first quarter of next year.
While the construction sector struggled last year, it is expected to pick up this year as several large scale projects get the government green light.
In January, the Expo 2020 Bureau that is in charge of delivery of the event said that it would award contracts worth Dh11bn this year.
Dubai is also moving towards establishing itself as a smart city and smart cities "are all about 360 degrees integration of technology", Mr Modi said, referring to the resilience of the ICT sector.
Hospitality and oil and gas sectors would continue to lag behind in terms of job creation, according to last year’s trend of online job postings on Monster.com.

Source: The National

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

expo 2020 to provide fillip to uae’s job market this year expo 2020 to provide fillip to uae’s job market this year

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

expo 2020 to provide fillip to uae’s job market this year expo 2020 to provide fillip to uae’s job market this year

 



GMT 12:48 2016 Sunday ,27 November

Cilic, Dodig push Croatia to brink of Davis Cup

GMT 05:24 2017 Thursday ,28 December

Erdogan says 'terrorist' Assad cannot be part of Syria

GMT 12:59 2016 Saturday ,05 November

WB welcomes economic reforms in Egypt

GMT 18:40 2016 Saturday ,05 November

Egyptian GDRs in London down

GMT 10:57 2017 Wednesday ,06 December

Peru striker Guerrero has doping ban extended

GMT 17:51 2017 Tuesday ,07 March

Trump Signs New Travel Ban on Six Muslim Countries

GMT 10:30 2017 Wednesday ,06 September

Saudi Information Ministry praises media role during Hajj

GMT 15:29 2017 Tuesday ,24 January

Mind games really do help your brain

GMT 06:55 2015 Thursday ,01 October

Boston Red Sox beat Yankees

GMT 08:17 2017 Monday ,28 August

Bahrain celebrates World Humanitarian Day 2017

GMT 02:07 2017 Tuesday ,28 February

Opposition seeks Russian support at Syria talks

GMT 11:06 2017 Wednesday ,27 December

Bahrain tourism projects valued at over $ 13 billion

GMT 20:35 2011 Tuesday ,10 May

New exhibition of Islamic ornaments

GMT 19:52 2016 Friday ,19 August

Nice joins wave of French towns banning burkinis

GMT 03:46 2017 Wednesday ,06 September

US-backed Syrian forces seize Raqqa mosque

GMT 22:22 2017 Friday ,15 December

BDF Military Museum open on National Day

GMT 09:47 2015 Wednesday ,02 December

Ryanair launches court action against Google, eDreams

GMT 10:46 2017 Wednesday ,22 March

Japan's February trade surplus hits multi-year high
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday