• Associate Sponsor

‘Saudi Arabia creates max jobs in Gulf’

Arab Spring in 2011 failed to impact job market in Gulf region as KSA topped list in creating new jobs.

Written by Agencies | Dubai | Published: April 13, 2012 6:32 pm

The Arab Spring in 2011 failed to impact the job market in Gulf region as Saudi Arabia topped the list in creating new jobs,a new report has said.

According to a report by GulfTalent,around 62 per cent of firms in Saudi Arabia increased their head-count in 2011 compared to 55 per cent the previous year.

Close to its heels,Oman and Qatar created several new jobs for its residents.

In its 2012 edition of Employment and Salary Trends in the Gulf,the online recruitment agency said about 56 per cent of companies in Oman hired new staff in 2011,down one per cent on the previous year.

Qatar saw 51 per cent of employers creating new jobs,reflecting the continued strength of the economy.

In Kuwait,the percentage of firms that created new jobs in 2011 was double to the figure the year before,rising from 26 per cent to reach 51 per cent.

While oil,gas,healthcare and retail sectors saw the largest head-count expansion last year,banking and construction fared the worst,the report said.

Over the same period,UAE also saw a jump in the the number of companies creating new jobs by 15 per cent to 37 per cent.

The survey report noted that Dubai’s share of regional recruitment activity had started to increase after a two-year slowdown due to a combination of jobs growth and churn.

Moreover,the survey said UAE had strengthened its position as the most popular destination among Gulf-based expatriates,with Dubai overwhelmingly remaining the most attractive city,the survey said.

Qatar remained in second place in terms of popularity with expatriates,and Saudi Arabia in third place.

However,this positive trend was hardly noticed in Bahrain where political tensions continued to negatively impact the job market. In Bahrain,just eight per cent of companies created new jobs,compared to 23 per cent in 2010.

For all the latest News Archive News, download Indian Express App

  1. No Comments.
Adda