UAE to provide 20,000 jobs for citizens over 3 years: Sheikh Mohammed

AED300 mln fund will be set up to train graduates

  
National Career Fair to empower talented Emiratis. Image used for illustrative purpose.

National Career Fair to empower talented Emiratis. Image used for illustrative purpose.

UNB/ Handout via Thomson Reuters Zawya

The United Arab Emirates today issued 10 resolutions to provide jobs to its nationals across several sectors from banking, aviation, telecommunications, insurance to real estate sectors over three years, the ruler of Dubai and prime minister of the UAE announced today.

The UAE will set up AED 300 million fund to train 18,000 graduates to enter the workforce, and a part of revenues from value-added-tax (VAT) has been allocated   to train and employ 8,000 Emiratis, according to the official twitter of account of Sheikh Mohammed bin Rashid Al Maktoum.

“We will issue an annual index to measure employment of Emiratis and provide exceptional incentives to corporations and CEOs who support government directives,” one tweet said.

“We approved law amendments to ensure equal pensions and benefits to citizens in both government and private sectors. We will also provide more job opportunities for our citizens in the government sector,” another tweet added.

The ruler of Dubai emphasized that the UAE will keep attracting talent from across the world, noting that it a key driving force to the country’s economy. 

“We will support the private sector to achieve balance in our job market and our fast-growing economy will keep providing millions of opportunities for citizens and residents,” he said.

Earlier in May this year, the UAE launched the permanent residency system ‘Golden Card’ for investors and exceptionally skilled foreigners.  

(Writing by Nada Al Rifai nada.rifai@refinitiv.com )

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