Why Abu Dhabi’s job market is booming in 2023 and beyond, and what it means for tech talent

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Why Abu Dhabi’s job market is booming in 2023 and beyond, and what it means for tech talent

top tech talent

In recent years, Abu Dhabi has emerged as one of the world’s most lucrative and dynamic hubs of opportunity and growth. With a steadily growing and diversifying economy, strategic global location, and progressive, investment-attracting policies, the UAE’s capital city has developed a booming job market and become a magnet for tech talent. In this article, we will explore the dynamism and growth that has spurred Abu Dhabi’s job market and how this has and will continue to influence recruitment and acquisition.

Job market statistics for the general Gulf region

  • Abu Dhabi has the fifth most competitive job market in the world, with job listings in the UAE capital receiving 399 applications on average.
  • The inflow of talent in the UAE is the highest in the world, relative to population.
  • New job growth across the GCC is expected to increase from 3% to 5% in 2023.
  • Salaries across the GCC region are expected to rise by an average of 5% in 2023.
  • Technology is the most active hiring sector in the GCC, with 77% of organizations increasing their workforce in 2022.

Also Read: UAE’s economic outlook for 2023 & the future of global talent recruitment

Reasons for Abu Dhabi’s job market boom

There are several reasons for the capital city’s thriving job market. From free zones and diversification of the nation’s economy to the traditional oil sector and continued infrastructural development, Abu Dhabi can attribute its job market growth to various factors:

  • Strong economic growth in the UAE. The UAE experienced a GDP growth of 6.6% in 2022. The region has one of the fastest-growing economies in the world, and this growth has led to the creation of jobs in various sectors, including energy, construction, technology, and finance.
  • Diversification of the Abu Dhabi economy. Traditionally reliant on oil and gas, Abu Dhabi has been working to diversify its economy away from this. This diversification strategy includes investing in other sectors such as technology, tourism, finance, and real estate, creating new job opportunities in different sectors, and reducing the vulnerability to oil price fluctuation.
  • Abu Dhabi is an attractive location for foreign investors. Abu Dhabi is recognized for its pro-business stance and for producing various incentives for foreign businesses to invest. Government incentives attract foreign investment, with tax breaks and easy access to capital, making Abu Dhabi a desirable place to start or expand a business, which, in turn, creates more job opportunities.
  • Free zones also increase the appeal of business activity in Abu Dhabi. Establishing free zones, such as the Abu Dhabi Global Market (ADGM) and the Khalifa Industrial Zone (KIZAD), is also attractive to international companies, as these areas offer favorable regulations, tax benefits, and streamlined administrative processes. The UAE’s free zones can stimulate job growth thanks to attracting global organizations and skilled professionals.
  • Abu Dhabi is experiencing continuous infrastructural investment and development. The capital city and broader UAE region are heavily invested in continued infrastructural development, which has been crucial in spurring job market growth. Projects such as airports, ports, roads, and public transportation systems are ongoing in the region, creating more job opportunities.

Also Read: Choosing the right agencies for employment in Abu Dhabi

Technology, a rapidly expanding sector in the UAE and the world

As mentioned, technology is the most active hiring sector in the Gulf region. This is largely because every other sector in the world needs tech expertise to fuel and expand their operations. With technological advancements emerging daily, businesses across industries need to embrace and uplevel tech implementations within their organizations in order to remain competitive. As such, the need to source skilled tech talent across sectors significantly contributes to the Abu Dhabi job market boom.

Global Valley is a key organization within the Abu Dhabi job market

At Global Valley, we are at the forefront of Abu Dhabi’s job market boom. As a Talent as a Service (TaaS) organization, we recruit and manage tech workers from around the world, bringing talent to Abu Dhabi to supply Israeli tech companies with highly qualified, skilled professionals. 

As a talent recruitment agency, Global Valley provides TaaS services to Israel’s rapidly expanding technology industry, serving this sector and helping tech professionals launch their careers in the thriving city of Abu Dhabi. From our headquarters in the UAE’s capital, tech professionals work for tech firms within Israel that, in turn, benefit significantly from sourcing world-class talent for their operations.

Global Valley connects tech talent with tech companies by utilizing global talent recruitment solutions. If you are a tech professional ready to elevate your career in Abu Dhabi, we are the firm to help you succeed. Reach out to us today to learn more about our talent acquisition services.