The UAE is working to attract the best talent to fulfill local requirements and attract foreign investment, as the country progressively announces sweeping new legal and professional reforms.
The comment came during an exclusive interview with Dr Thani Al Zeyoudi, the UAE Minister of State for Foreign Trade, on Dubai Eye 103.8's Business Breakfast.
Additionally, the UAE is home to numerous multinational companies that seek to recruit from the local talent market. Al Zeyoudi highlighted how the UAE must be able to provide the right ecosystem to aid its growth.
Recently announced changes to the work week that will align with the international standard, and laws that permit a younger workforce looking to gain real-time experience, are all part of a larger push towards the future of Dubai and the UAE into the next 50 years.
This development is however progressing in line with the future sectors, and those that the UAE deems a "priority sector" like agriculture-tech and space.
A strong professional growth rate and a highly accelerated knowledge sphere can cause individuals to explore options outside UAE that helped them reach that position.
Al Zeyoudi said the governing body is aware of this possibility and are tackling the situation by offering numerous career possibilities and growth prospects.
The UAE's Minister of Economy and Chairman of the General Civil Aviation Authority (GCAA), on Monday emphasised the aviation sector's critical role in the global economy, noting that it accounts for 12 to 13 per cent of GDP in some countries and supports millions of jobs worldwide.
World leaders and technology executives are convening in Paris on Monday to discuss how to safely embrace artificial intelligence at a time of mounting resistance to red tape that businesses say stifles innovation.
The Abu Dhabi Registration and Licensing Authority (ADRA), which develops and regulates the business sector, on Monday revealed significant growth in business licences and compliance indicators in the Emirate's mainland and non-financial economic free zones during 2024.
Dubai Electricity and Water Authority (DEWA) has announced that it will adopt the cubic metre as the standard unit for measuring water consumption starting from the March 2025 billing cycle.
The UAE Minister of State for Foreign Trade, Dr. Thani bin Ahmed Al Zeyoudi, has said negotiations for the Comprehensive Economic Partnership Agreement (CEPA) between the UAE and Japan will be completed before the end of 2025.