The GCC region has seen an unprecedented jobs shift, in total generating some 7million new jobs since 2010. Such a high rate of job creation is a direct implication of policies at the country level aimed at economic diversification from hydrocarbon dependence, fueling ambitious mega-projects that are reshaping the regional economic landscape.
The United Arab Emirates as an Economic Catalyst
In this success story of the region, the United Arab Emirates (UAE) is the prime growth driver. The UAE is responsible for generating approximately 30% of the total new jobs in the GCC since 2010, which equals over two million new jobs within its borders.
The UAE is fantastic at making its business environment so competitive and attractive. With proactive policies designed to draw in global talent and international investment, the country has turbocharged job growth across every single skill level. Ultimately, this is what keeps the economy sustainable, strong, and constantly diversifying!
Pioneering Gender-Inclusive Economic Participation
Aside from sheer numbers, the most important change initiated by the UAE is its forcefulness in imposing gender-oriented economic growth. The UAE is leading the way among the countries of the region to develop policies that specifically support and ease professional participation by women.
A clear indication of such success is found in the population of students: among UAE nationals holding college degrees, the participation rate of women in the labor force is now marginally higher than men’s. Such a landmark is a clear reflection of successful policy implementation and profound societal transformation toward the achievement of parity between women and the workplace. The UAE model of assertive economic diversification with deliberate social inclusion provides it with the most pivotal foundation of stability and prosperity for the entire GCC region.
