Recruitment activity & rising population
Recruitment activity in Saudi Arabia has experienced a notable boost over the last three months, with 73% currently hiring at a managerial or professional level, and 67% planning on doing so in the near future. Hiring within the United Arab Emirates has also increased: 54% are hiring at top level with 56% expecting to hire at this level next quarter.
Each year, immigration causes the population to rise by 8-9% across the Gulf states and the number of residents is expected to reach the 50-million mark by 2020. Dubai is one of the world’s fastest-growing economies in the region, which it achieves through a deregulated system, allowing substantial labour immigration. This accounts for 75% of the city’s population.
The rising population has created a need for development in domestic infrastructure across the Gulf states, which has been made possible due to heavy investment because of high oil prices.