UAE announces sad news to many expatriates regarding this matter
The United Arab Emirates has some bad news to share with regard to expats because of a specific reason, the most recent significant events connected to residents in the Emirates, and decisions about employment nationalization
The government made an announcement on the nationalization of several important economic sectors, which had a direct impact on the employment and residence prospects available to foreign nationals in this country. In addition, we provide a contribution to the development and enhancement of industries and work facilities in our nation by supporting local businesses and initiatives. This helps to boost both the overall economy as well as the number of job possibilities available to individuals. Additionally, rather than relying solely on imported agricultural supplies, we advocate for the promotion of local agriculture and the expansion of domestic crop production.
Making adjustments to the timeline for the localization of jobs at private companies
The government of the UAE has disclosed a fresh modification to the Emiratization timetable for positions held in private companies. Previously, private enterprises with more than 50 employees were needed to secure the presence of 2% of Emirati workers. Financial sanctions would be levied in the event that companies do not comply with this criterion.
This modification is the first step of a larger plan referred to as Nafs, the objective of which is to increase the percentage of Emiratis working for private enterprises to 10% by the year 2026. The purpose of this initiative is to raise the percentage of Emiratis employed in the private sector of the economy.
This objective is accomplished by raising the proportion of Emiratisation at a pace of 2% yearly until it reaches 10% by the end of 2026, at which point it will be considered accomplished. This will allow for a rise in both the percentage of Emiratisation and the employment of citizens in the private sector.
It is necessary that by the end of the year 2022, private enterprises will have 2% of their entire workforce comprised of national employees, and these companies are obligated to enhance this percentage by an additional 2% by the end of the year.
The UAE Cabinet has given its approval to a decision that will amend some regulations that are associated with the Nafisa initiatives. As a result of this decision, the annual local employment target has been split into two parts. The first half of the year must see an additional percentage of 1% of citizens employed, while the second half of the year must see 1% of citizens employed.
In the event that businesses are unable to meet their Emiratization targets by the middle of the year, they will be liable to financial penalties. Companies that do not meet their objectives will now be subject to a fee of 6,000 dirhams each month, which is equivalent to 72,000 dirhams yearly. The value of these fines will gradually grow by 1,000 dirhams each year until they reach their maximum potential. to the year 2026.
Roughly how many people are living in the UAE as expatriates?
The Federal Center for Competitiveness and Statistics estimates that the overall population of the United Arab Emirates in 2020, comprising both native-born Emiratis and permanent residents from other countries, was 9,282,410 persons. This number represents a decrease from 2019's figure of 9,503,738. It is important to note that the number of males living and working in the UAE outweighs the number of females, and there are around 200 different nationalities represented there.
How can I go about looking for job while I am currently residing in the Emirates?
You are free to send your curriculum vitae to any of the licensed employment agencies in the nation, and you will be called at a later date to set up an interview and provide the necessary paperwork and processes.