UAE: The government stated that 10% of UAE private sector workers should become Emirati within five years

this bay The state also said it plans to spend 24 billion dirhams ($6.53 billion) to create 75,000 private sector jobs. citizen More than five years.

The UAE government stated that the goal of 10% of private sector workers to become Emirati in the first year will start with the 2% goal. Twitter account.

It also stated that it hopes to have 10,000 Emirati in the nursing industry within five years.

The oil-rich Gulf countries such as the UAE have traditionally relied heavily on foreign labor for skilled and cheap labor. Citizens are mainly engaged in government work.

Most of the nursing staff in the history of the UAE came from countries such as the Philippines and India.

Since the 2014-2015 oil price shock, as the Gulf countries have tried to diversify their income base from hydrocarbons, they have increasingly encouraged their citizens to work in the private sector rather than on the national payroll.

These initiatives are part of the 50 new economy projects announced by the UAE this month, aimed at increasing the country’s competitiveness.

The UAE is a regional business and tourism center. In the past year, a number of measures have been taken to attract investment and foreigners to help the economy recover from the effects of the COVID-19 pandemic.

As the Gulf countries move away from the oil economy and become increasingly fierce economic competition with the Gulf neighbor Saudi Arabia as the region’s largest trade and commercial center, these changes have also followed.

Various other regulations regarding employment in the private sector were announced on Sunday, including allowing Emirati to take time off in government work and 50% of salary for 6-12 months if they want to explore their own business.

Officials say that Emirati working in the private sector will receive a child allowance of Dh800 per month, up to Dh3,200.

Last week, the UAE stated that it hopes to attract 550 billion dirhams (150 billion U.S. dollars) of foreign direct investment in the next nine years and will create more flexible visas to attract residents and skilled workers.

UAE trade delegation deepens trade partnership in the United States this week, National News Agency you Said.