UAE pips USA to the post as the country of choice for international talent
15.5% of all international workers chose the UAE as their country of choice for relocation, closely followed by the USA with 15.2%.
Procorre points out that the UAE has undergone a rapid economic recovery since the financial crisis, which has outpaced more sluggish recoveries in the region and in places like Europe.
The recovery has been helped by the country’s 0% taxes on income, which attract some of the most skilled and talented workers.
The UAE’s relatively speedy recovery may also have been helped by the country’s economic free zones, which allow companies certain tax exemptions for at least 15 years and attract the regional headquarters of many global businesses. In turn these businesses attract individuals with a wide range of skills to the UAE.
There are also numerous infrastructure projects underway in the UAE that are attracting project specialists and should further enhance the country’s attractiveness as a business location. Some of the projects include:
• Etihad Rail, a 1,200km railway line that will extend across the UAE connecting major industry zones
• Al Maktoum International Airport, located in Dubai it will be one of the world’s largest airports
• The Lagoons, a small city (70 million square feet) that will be made up of five islands connected by water. It will house residential apartments, shopping malls, commercial buildings, five-star hotels, and resorts
Anglophone countries dominate as top destination for the international workforce
More than half (52%) of all international workers would opt to work in an English speaking country as their top choice of location.
Procorre says that the top five countries preferred by international workers were:
• UAE (15.5% of international workers chose this as their ideal work location). Although Arabic is the official language, English is the lingua franca.
• USA (15.2%)
• Australia (8.4%)
• UK (6.9%)
• Canada (5.5%)
Procorre explains that countries where English is the main language or is widely spoken dominate as top options for international workers because English is the global language of business.
Working at a senior level within global businesses often requires international workers to be able to communicate fluently in English.
The economic strength of these five Anglophone countries has also led to an increasing demand for highly skilled international workers with specialist expertise, as companies look to take advantage of growth opportunities, adds Procorre.
For example, the UAE has a booming oil & gas industry, undertakes a large number of engineering projects and is also a growing financial services hub - all of which provide international workers with plenty of job opportunities. Financial services, media, hospitality and marketing are also rapidly growing sectors, especially in Dubai.
Procorre says that the USA, the UK and Canada offer a wide variety of jobs for international workers, ranging from financial services to construction.
In Australia the resources boom over the last decade has led to an increasing demand for international workers, which means not only that the jobs market is buoyant for those with specialist skills, but that there are also potentially very high salaries on offer.
Procorre points out that lifestyle factors are also important for international workers considering moving location. The top five countries differ in many aspects but the quality of life is very high in all of them.
Sophie Sarrat, relationship manager at Procorre, comments, “One of the many benefits of being an international worker is that you can have the chance to work abroad and the flexibility to choose which country best suits your career, lifestyle or salary requirements at the time.”
“Many international workers are now opting to move to countries where English is the principal language spoken because it offers them better job prospects.”
Sarrat adds, “The cosmopolitan lifestyle of these countries is also very attractive. In the UAE, for instance, the diversity of the population and the culture now makes it a very appealing place to work and that is proving an enormous advantage in attracting the top talent the country needs as it seeks to diversify its economy.”