- PAQT is aligned with ‘Projects of the 50’ initiative and aims to create 20,000 jobs for Emiratis by 2022
Abu Dhabi: Abu Dhabi Global Market (ADGM) Academy and KPMG Lower Gulf launched a new report on developments from the UAE’s National Employability agenda. ‘The Importance of Emiratization in Building a Nation’ report highlights the UAE government’s efforts in developing national talent and building a culture of sustainable employment in the UAE’s financial sector through unique employ-to-train programmes. The report also focuses on the unique approach of private-public partnerships to ensure balanced and long-term career progression of Emirati nationals in the private sector.
Nader Haffar, Chairman of KPMG Middle East and South Asia and Chairman and CEO of KPMG Lower Gulf, said: “The UAE government has consistently worked with the public and private sector to enhance the career prospects of young Emiratis. For KPMG, nurturing and investing in a diverse and inclusive workforce, including Emirati talent, is a strategic priority and our core value of community commitment. We aim to be the preferred professional services employer for UAE nationals.”
Hamad Al Mazrouei, Managing Director, ADGM Academy and Chief Operating Officer, ADGM, said: “The financial industry continues to evolve, and new skillsets and competencies are vital to meet the current market needs to ensure long term prosperity and sustainability of the nation. The UAE government understands the importance and value of the Emirati talent pool and the need for them to be a part of the broader private sector. To bolster this plan, the government has launched unique efforts and programmes to support Emirati nationals in their career ambitions and foster their professional development.
To accelerate the upskilling of Emirati talent, Abu Dhabi Global Market (ADGM) Academy introduced its unique National Development Programmes to raise the bar for financial education, literacy and digital skills in the UAE and wider MENA region. The ADGMA programmes are structured to provide candidates a rigorous blended learning experience with international qualification training, soft skill development, and on the job training. ADGMA is proud to have created more than 500 new employment opportunities for its graduates since 2018. ADGMA will continue to work closely with ADGM in building up Abu Dhabi and the UAE as a leading centre of knowledge and a global platform for financial and business talent.”
The report spotlights the success of Pre-Audit Qualification Training (PAQT) Programme, which was designed and managed by the ADGM Academy, in alliance with the Abu Dhabi Human Resource Authority, the Abu Dhabi Accountability Authority, and private sector partners including KPMG Lower Gulf. Of the 98 KPMG PAQT candidates enrolled in four cohorts since inception, 28% have completed the programme, 47% are on track and still participating, and nearly all PAQT candidates have found full-time employment. KPMG itself has hired seven of the first cohort of 12 PAQT graduates.
The UAE government has introduced numerous initiatives to enable and increase the number of Emirati talent in the job market and contribute to the wider economy. The government allocated AED 24 billion to upskill young Emirati talent, incentivise private sector hiring of UAE nationals, establish a 10% Emiratisation quota in the private sector and create over 75,000 jobs by 2026.
Aligning with the federal government’s ‘Projects of the 50’ initiative, the UAE Ministry of Human Resources and Emiratisation has launched several projects to nurture talent. These include the ‘100 Programmers Every Day’ initiative to increase the number of Emirati coders by around 50% and help build local programming companies. Notably, 13 projects have been introduced under the NAFIS programme to offer incentives for private sector hiring of Emiratis, upskilling and reskilling.
Leading local private sector companies have enhanced local hiring processes at entry and senior management levels and created Emirati training programme. Highlights of the report include:
- Government led initiatives at both a local and federal level
- Private sector initiatives supporting the Emiratisation agenda in the country.
- Public-private partnership engagements and initiatives to ensure alignment of interests and intent.
- ADGMA’s PAQT Programme case study with KPMG Lower Gulf highlighting the structure, successes and
Download the report: “The importance of Emiratisation in building a nation”
About ADGM Academy
ADGM Academy is part of Abu Dhabi Global Market (ADGM), an International Financial Centre (IFC) located in the capital city of the United Arab Emirates. The Academy has been established as one of the leading academies in the region, providing world-class financial research and training services.
The Academy helps position Abu Dhabi as a leading global financial centre, through its delivery of world class financial education and literacy. This is achieved through globally recognized educational and experiential programmes on a range of topics and qualifications in banking, finance, leadership, entrepreneurship, technical and soft skills.
For more information on ADGM Academy and the programmes, please visit www.adgmacademy.com or follow @ADGMAcademy on Twitter, Instagram and LinkedIn
KPMG is a global organization of independent professional services firms providing Audit, Tax and Advisory services. KPMG is the brand under which the member firms of KPMG International Limited (“KPMG International”) operate and provide professional services. “KPMG” is used to refer to individual member firms within the KPMG organization or to one or more member firms collectively.
KPMG firms operate in 145 countries and territories with more than 236,000 partners and employees working in member firms around the world. Each KPMG firm is a legally distinct and separate entity and describes itself as such. Each KPMG member firm is responsible for its own obligations and liabilities.
KPMG International Limited is a private English company limited by guarantee. KPMG International Limited and its related entities do not provide services to clients.
For more detail about our structure, please visit www.home.kpmg/governance
© Press Release 2022
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