GCC’s $2.1 Trillion Projects Require New Recruits

DUBAI — The Gulf Co-operation Council, or GCC, will need to significantly increase its workforce to keep pace with development in the next two years, said online recruitment company TalentRepublic.NET.

Published: Mon 10 Aug 2009, 10:59 PM

Last updated: Thu 2 Apr 2015, 3:44 AM

TalentRepublic.NET said that there are many opportunities and attractive options for jobseekers in the region, with a study by the Kuwait National Bank showing that the combined value of projects in the region being carried out this year alone is already worth more than $2.1 trillion. It also cited a recent study by human resources consulting firm Mercer, which showed that about 73 per cent of companies across the GCC aim to double their growth this year compared to 2008.

In Saudi Arabia, around 10.8 million workers will be required by 2014 to complete and sustain existing and future projects, a recent study by the Riyadh Chamber of Commerce and Industry, or RCCI, revealed. The study pointed out that only 5.45 million Saudi Nationals will be ready to take up the new jobs, opening huge employment opportunities for expatriate workers, including young Arab jobseekers. The online recruitment company said that despite the economic slowdown, GCC continues to attract top-calibre expatriate workers from the US and Europe, especially those in the financial services sector. Jobseekers will also find new openings for growing sectors such as construction, retail and leisure. TalentRepublic.NET, recently launched its online recruitment services in the Middle East, focusing on delivering top-quality staffing solutions, as regional companies are increasingly looking for high-competent talent to remain competitive and enhance long-term sustainability.  

rocel@khaleejtimes.com