Sustained employment growth expected, says expert
The supply chain and logistics sectors in Dubai are set to account for a significant amount of employment growth over the next 18 months, according to Reed Supply Chain and Logistics - one of the country’s recruitment agencies.
Experts at the firm say that in Dubai’s post-recession economy, steady growth has returned to its traditional industries such as logistics, transport and procurement in the wake of the slow-down of the construction industry and its derivative sectors.
Matthew Rainbow, executive consultant of supply chain and logistics at REED said: “We’re seeing a huge amount of activity in the job market for these sectors, and that demand looks set to continue into well into the second half of 2012 and beyond.
“During the boom times of 2006 to 2008, much of the focus was taken away from supply chain and logistics, with the new construction industry dominating the employment landscape, but that has changed now and the balance has most definitely shifted.
“Dubai’s geographical location has always lent itself to being a hub for shipping, logistics and transportation and the growth in the job market that we have witnessed in the last 12 months is a sure sign those sectors are buoyant and set for steady long-term growth.”
The announcement comes on the back of the government’s decision to reassess the ambitious growth development plans for Dubai that were hatched at the height of the construction boom five years ago.
A revised version of Dubai's 2015 strategic plan will scrap the previous goals of 11 per cent Gross Domestic Product growth is expected to be completed by the end of June.
Dubai’s Executive Council is leading revisions to reinforce innovation and Dubai's position as a regional hub.
Rainbow also believes that the supply chain and logistics sectors are positioned to outpace GDP growth in Dubai over the next 18 months.
“Three years ago, the construction industry generally accounted for the majority of our available jobs at any one time and supply chain and logistics accounted for a much smaller share.
“Obviously the construction sector has slowed down considerably, with supply chain and logistics accounting for a much larger share of the overall recruitment picture – meaning job demand has grown considerably in the last three years.
"The dynamics of Dubai’s economy are entirely different now to what they were three, four or five years ago, and this shift in the recruitment focus is an indicator of that.”