Dubai healthcare industry set to reach Dh40bn by 2013

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In a strong signal of Dubai’s fast-growing position as one of the world’s leading medical capitals, the healthcare market in the emirate is projected to be worth $10.9 billion (Dh40 billion) by 2013, suggests a report in zawya.com.

The two major factors driving this growth are the increased investments by government and international investors, as well as Dubai’s emerging role as a leading destination for medical tourism. The substantial growth in investments is expected to yield a sharp rise in new medical institutions, research and medical education facilities.

In addition to new institutions, Dubai is also receiving growing interest from international pharmaceutical companies who are striving to make breakthroughs in medical cures. This trend is further boosted by the ever-growing number of highly skilled professionals who are applying to work in Dubai. What is particularly notable is that Dubai’s leading hospitals such as Saudi German Hospital-Dubai have attracted professionals from some of the world’s most prestigious medical institutions in Europe and elsewhere.

Dubai is certainly proving itself to be a great place to start or continue your career in the healthcare or pharmaceutical sector.

How To Supercharge Your Career in Dubai By Using a Mentor

A Mentor

Using a mentor may not be the first thing that the average Dubai professional thinks off when they are looking at ways to develop and advance their career.  But, I think it should not be lightly dismissed and, it deserves a second look, as there is good evidence emerging that a mentoring relationship can be highly beneficial to your career in Dubai.

For example, consider the case study of Sun Microsystems; they looked at the career advancement of over 1,000 employees during the course of five years and found that the careers of those who had been mentored were indeed super-charged. Yes, the Sun Microsystems study found that employees who were mentored were around 20% more likely to get a pay rise than staff who do not take part in the mentoring programme.

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2013 dedicated to Emiratisation

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At the meeting of the UAE Cabinet meeting on Tuesday, His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, labelled 2013 as Emiratisation year. A host of governmental initiatives and policies will therefore enhance the Emirati presence in the workforce.

Many Emiratisation initiatives have been launched in the recent past. The Ministry of Labour for instance announced earlier this year that all front desk staff at Tas’heel centres must be Emirati.

The Department of Economic Development in Abu Dhabi also said in 2011 that it hopes to reduce the unemployment rate among Emiratis to less than 5 per cent by 2030.

Recent reports showed that certain industries still find it challenging to achieve Emiratisation targets each year, including many private sector firms, the hotel industry as well as finance, insurance and currency exchange sectors.

To overcome these challenges, regular training programmes are offered by Tanmia, and many public sector organisations, such as the Abu Dhabi Education Council, also offer frequent training opportunities for Emirati employees and trainees.

Headhunters back in the game as Mideast recruitment picks up

business bay

According to a report in today’s National, the Dubai recruitment scene is hotting up. The headhunters are back. After a couple of post-crisis years when pickings were lean in the executive recruitment business, especially in the Middle East, the hiring and firing cycle has picked up again.

Michael Morcos, the managing partner in one of the biggest headhunting firms, Heidrick & Struggles, with responsibility for the region, says “industries in the region are actively hiring and big money can be made in sectors such as energy and engineering.”

Different skills required though

Before the 2008 financial crisis, Michael Morcos explains, “executive searches for senior positions with Middle East firms tended to go global, looking for the best in the world.  Now firms want people who, above all, have experience in the region.”

 

6 Networking Tips for Dubai Job-seekers who Hate Networking

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Did you know that just a small amount of jobs in Dubai are found through the open jobs market, that is jobs boards, newspapers and other publicly accessible sources? Yes, most Dubai professionals will be finding jobs through the secret job market which is via employee referrals and networking. In fact, research from Jobvite suggest that 40% of jobs are found through networking with a professional or personal contact.

But, it is not only that networking is the most effective way to find a job, it is also the best way to find your dream job as revealed by the Jobvite survey which found that 41% of job seekers found their best/favourite job via networking.

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Biggest expansion in five years for Dubai

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Three years since global markets were rocked by Dubai World’s decision to renegotiate US$25 billion (Dh91.83bn) of debt, the emirate’s economy is bouncing back with its fastest rate of growth since 2007.

Dubai’s economy grew at a rate of 4.1 per cent year-on-year during the first half of this year, led by the tourism sector, according to the Dubai Statistics Centre.

The rate was the emirate’s biggest increase in GDP since five years ago, when the economy registered an 18.1 per cent rate of growth.

This is another sure sign that the Dubai economy is healthy and growing, meaning that Dubai remains a great place for Emirati and Expats to start and build their careers.