UAE Allocates AED24 Billion to Support Emiratis in Private Sector

Publish date: Thursday، 22 December 2022

The UAE government said it is allocating 24 billion dirhams ($6.5 billion) to create 75,000 jobs in the private sector for Emiratis under the Nafees project.

The project offers a host of programs that boost Emiratization, or the government’s campaign to integrate locals into the private sector workforce including allowances, bonuses, and other monetary incentives for UAE nationals, especially those in the field of programming and nursing.

The Emirati Talent Competitiveness Council, chaired by HH Sheikh Mansour bin Zayed Al Nahyan, aims to create 75,000 private sector jobs for Emiratis with incentives for them to join the private sector and gain the backing they need to thrive and prosper. pic.twitter.com/sltCdrj2mf
— UAEGOV (@uaegov) September 12, 2021

The program also sets out a quota for private sector companies in terms of their local hires - up to 10 % of skilled roles in five years.

Companies that have 50 or more employees and are more than five years old will be subject to this new regulation.

Read More: Top Paid Jobs in the UAE

The second set of initiatives under the UAE's 50 national projects will focus on empowering Emirati nationals working in the private sector.

Making the announcement, Mohammed Al Gergawi, Minister of Cabinet Affairs, said the UAE will invest AED 24 billion to employ 75,000 Emiratis in the private sector.

The government will also "bear the cost of training citizens in the private sector for up to a full year".

ستتحمل الحكومة تكلفة تدريب المواطنين في القطاع الخاص لغاية عام كامل في الفترة التدريبية، براتب شهري 8000 درهم للجامعي، وأيضاً دعم رواتب المواطنين في القطاع الخاص لمدة 5 سنوات بعد التوظيف، وبحد أقصى 5000 درهم شهرياً إضافية فوق الراتب للجامعيين. pic.twitter.com/mKNAp4AQ7p
— UAEGOV (@uaegov) September 12, 2021

University students will be supported with a monthly salary of AED 8,000, with salaries of citizens in the private sector subsidized for a period of 5 years after employment, with a maximum of an additional AED 5,000 per month above the salary.

The Pension Program provides a range of subsidies that brings the first-year cost of Emirati pensions down to zero for employers and helps pay for costs over five years. pic.twitter.com/meY7Q4pypt
— UAEGOV (@uaegov) September 12, 202

The government will also allocate a programme to support Emiratis working in distinguished majors in the private sector, such as programmers, nurses, accountants, and others, with a fixed bonus of AED 5,000 per month above their salaries for a period of five years.

The government will bear the pension fund contributions for the citizen employee in the private sector for 5 year

A government child allowance payment will be paid to Emirati staff working in the private sector. pic.twitter.com/KvrWr1A1ZK
— UAEGOV (@uaegov) September 12, 2021

This article was previously published on UAE Moments.To see the original article, click here

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UAE Allocates AED24 Billion to Support Emiratis in Private Sector

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