In 2024, the UAE is anticipated to experience a surge in demand for skilled workers in five key sectors – IT, banking and finance, real estate and construction, oil and gas and renewable energy, and tourism and hospitality, as per Kasheef Akram, the CEO for the Middle East, North Africa and Asia-Pacific at talent acquisition firm Caliberly.
The Information Technology sector is rapidly expanding and dynamic in the UAE, with a strong emphasis on innovation. The government has made significant investments in infrastructure and education to develop the UAE into a regional hub for ICT, creating a strong demand for skilled IT professionals with expertise in areas like artificial intelligence, machine learning, data science, and cybersecurity.
The UAE AI market is expected to reach $1.9 billion by 2026, growing at a compound annual rate of 36.2 per cent, driven by the adoption of AI solutions across various industries. Similarly, the banking and finance sector in the UAE is showing resilience and adaptability in the global financial landscape, with a strong demand for skilled professionals including financial and risk analysts, investment bankers, compliance officers, data scientists, and fintech experts.
There is a high demand for employees in all five sectors, driven by the robust growth witnessed in recent years. However, this presents a challenge in terms of finding qualified personnel, given the rapid expansion of the economy and the evolving nature of industries. Companies struggle to find candidates with the right blend of technical skills, soft skills, and industry-specific knowledge.
Caliberly, with its AI-powered resume search tool and expertise in the Middle East, Africa, Europe and the Levant, is well-positioned to help companies find the right employees. The company’s commitment to client education and market intelligence sets them apart from competitors, offering insights into the UAE and Saudi Arabian job markets free of charge.
As 2024 is expected to be a year of continued growth for many sectors, Caliberly’s innovative recruitment process is poised to enable companies to focus on expansion while leaving the search for the right staff in its expert hands. To learn more about Caliberly or get a free consultation, visit Caliberly.com.
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