The Executive Council of Dubai, headed by Dubai’s Crown Prince His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum recently approved of a savings scheme that’s been launched for expats employed by the Government of Dubai, in a first of its kind initiative in the region.<\/p>\n
Apart from being aimed to enhance the end-of-service benefits system for Dubai government staff, the initiative looks to safeguard Dubai’s position as a career hotspot with a system that offers employees opportunities to grow their benefits and savings for the future.<\/span><\/p>\n The Savings Scheme will provide employees with a number of financial perks, most significantly the opportunity to save across different financial portfolios.<\/p>\n It’s noteworthy, that Dubai workers who do not wish to invest their benefits will be provided with alternative options that ensure capital protection.<\/p>\n <\/p>\n Today I approved the \u2018Savings Scheme for Foreign Employees in the Govt of Dubai\u2019 at a @TECofDubai<\/a> meeting. The first of its kind in the region, the Scheme will enhance govt staff\u2019s end-of-service benefits. We are looking at extending the Scheme to private sector employees as well pic.twitter.com\/m9O1SKywCn<\/a><\/p>\n — Hamdan bin Mohammed (@HamdanMohammed) March 2, 2022<\/a><\/p>\n<\/blockquote>\nThis scheme could soon be extended to Dubai’s private-sector workers as well but on a voluntary basis<\/h2>\n
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