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New 24 BILLION GOV Plan Invests BIG In Private Sector

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AED8k Salary Top-Ups And Paid Career Breaks For Emiratis: New GOV Plan Invests BIG In Private Sector

Big news on the Emiratisation front!

Today, the UAE announced 50 new projects which will incentivize and encourage Emiratis to join the private sector.

The program of reforms and financial incentives will drive new private sector opportunities for both young and experienced Emiratis, with an investment of AED 24 billion to create 75,000 new private sector jobs for Emiratis… Incredible!

The UAE Government will invest AED24 BILLION in the project which aims to add 75,000 new Emirati jobs to the private sector

The government announced salary support which will encourage new Emirati graduates to join the private sector

When Emirati grads join the private sector, they’ll be granted monthly allowance top ups

The Merit Program incentivizes Emiratis in particular fields, including nurses, accountants and financial auditors, lawyers, financial analysts and coders – with a monthly AED5k top-up

There will be unemployment benefit for Emiratis working in the private sector who lose their jobs due to circumstances beyond their control

In 2022, a subsidized career break will be available for Emiratis in Federal Government

A career break for between 6-12 months and up to 50% of your salary paid for by the government, this will be available for a limited number of people who will have the opportunity to return to their original position after the time period.

The Pension Program will bring the first-year cost of Emirati pensions down to zero for employers and helps pay for costs over five years

The new announcements covers everything from grants for students and fresh graduates to a billion Dirham graduate business development fund, a government-backed new private sector child allowance and unemployment benefit

For the full list of programs, see here.

Read next: A Dubai Delivery Driver Saves A Family Stuck In The Middle Of A Highway

NOT ALL HEROES WEAR CAPES, but some of them wear delivery driver uniforms.

A huge shout out to Mr Tariq, a Pizza Hut delivery driver who went above and beyond for a family who got stuck in the middle of a Dubai highway.

@UAEFamilyExplorers shared the story; they ran out of petrol in the middle of a highway near Jebel Ali Freezone. A bleak situation for anyone, the family was blown away when driver Mr Tariq approached the family and offered to help. He even supplied them with petrol so they could get on their way. What a legend!

Read it here

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