The Ministry of Human Resources and Emiratisation (Mohre) has reported a significant 32.16% increase in private sector establishments entering the UAE’s labour market in 2024, reflecting robust growth in the sector.
According to a Gulf Today report, citing Mohre, the labour market experienced a 17.02% rise in company growth over the past year, with the total workforce increasing by 12.04% and skilled workers growing by 13.23%.
The surge in new businesses highlights the effectiveness of UAE policies aimed at fostering economic and social stability. Measures such as legislative reforms and economic incentives have bolstered the private sector’s role in the national economy, attracting investments and boosting industrial and commercial activities.
The Labour Relations Law, introduced in 2022, has enhanced the market’s flexibility and legal protections for both employers and workers, making the UAE an appealing destination for global talent and investors. Complementary policies like compulsory health insurance, saving schemes, and unemployment insurance have further solidified the UAE’s position as a global leader, earning it the top spot in the Arab world in the 2024 Global Labour Index.
