27% Dubai firms plan to hire in Q1 2013

Business confidence in Dubai soars on rebound in key sectors.

According to a report in emirates247.com, the economy of Dubai looks set to sustain its growth momentum with investor confidence on the return and increasing activity across core sectors such as trade, tourism, manufacturing and even real estate as reflected in the overall business sentiment in the emirate.

The composite Business Confidence Index for Dubai reached 135.9 points in the last quarter of 2012, a 10.8 per cent increase compared to the previous quarter and a two per cent growth from the same quarter of 2011.

Optimism was evident as 94 per cent of the businesses that participated in the quarterly business survey, conducted by the Department of Economic Development (DED) in Dubai during October-December 2012, said they expected either higher or stable sales in 2013.

Brighter business outlook has also boosted hiring prospects as 27 per cent of the businesses revealed plans to increase their workforce in the first quarter of 2013 while 71 per cent reported they would retain their current head count.

About the author

Kazim Ladimeji is the Director of thecareercafe.co.uk—a resource for start-ups, small business and job seekers. It includes a blog with career and small business advice articles. Kazim is a Chartered Member of the Chartered Institute of Personnel and Development, and has been a practising HR professional for 14 years.

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