A recent survey has revealed that companies in Qatar are on a hiring spree and this trend is expected to continue in the coming years. According to the latest MENA Job Index Survey, Qatar remains a booming and competitive market, with many talented professionals looking to make their next big break.
The survey has indicated that hiring intentions are on the rise in Qatar. The majority of Qatar employers (82 percent) are planning to hire in the next three months, and the outlook continues to improve as 90 percent of employers are planning to hire in the coming year.
Qatar’s oil, gas and petrochemicals sector has emerged as the leading industry attracting nearly two-fifth of the total top talent accounting for 39 percent of the total hired across Qatar. This was followed by real estate and construction (36 percent), healthcare and medical (34 percent), engineering and design (32 percent), and banking and finance (30 percent), reveals the findings of a survey released yesterday.
Eight in 10 working respondents (81 percent) claim that their company has hired new employees in the last 6 months, with 63 percent having hired new employees in the last 3 months. Looking ahead, more than seven in 10 Qatar employers who plan to hire over the next three months expect to fill up to 10 different jobs.
Talent acquisition by companies shows the strength of Qatar’s economy which has won laurels from world over.
Managing Director of International Monetary Fund (IMF), Christine Lagarde had said, in February this year, that the steady growth in Qatar’s non-oil economy is a reflection of the country’s good diversification policy. Qatar’s growth in the non-oil sector is pretty much on a par with the non-oil growth in the oil importing countries.
Deputy Managing Director of the International Monetary Fund (IMF) Tao Zhang , in the second week of April, had praised the economic policies of Qatar and its success in overcoming economic crises affecting the global economy.
The Foreign Direct Investment (FDI) in Qatar has risen by around 27 percent last year, which shows that the trust of global investors on the country’s economy is intact. Qatar attracted close to 1bn ($986m to be precise) inward FDI during last year compared to $774m in 2016, according to the ‘World Investment Report 2018’ released by United Nations Conference on Trade and Development.
Increase in FDI in Qatar is commendable considering the overall trend in the region was not encouraging as the region saw a declining trend in attracting foreign funds.
