Dubai is renowned for the sheer scope, size and success of its hospitality sector; it is also considered to have the most industrious engineering sector in the world and at one point reports suggested that nearly a quarter of the world’s construction cranes were situated in Dubai.
However, it may come as a surprise to you that Dubai is not just about hospitality, engineering and 200 foot high construction cranes–there is another sector that is quietly emerging within Dubai on the back of its explosive population growth. This is the financial services industry and, in particular, the retail banking sector which is expected to grow by 10% over the next five years. This growth forecast has been backed up by another study by Accenture which revealed that 85% of bank executives said their banks were planning to invest in retail operations over the next three years. So growth forecasts in the retail banking employment sector look very reliable.