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Monday, 9 December 2013

The UAE’s job market is expected to get a short-term boost from Dubai’s winning the Expo 2020, according to industry experts, with some predicting a return to the emirate’s pre-2008 days.
Roman Weidlich, director at Towers Watson Middle East, said that he expects higher competition for talent “that could to a certain extend resemble the pre-2008 labour dynamics, including higher employee turnover and spike in salaries.”

“From the longer-term perspective, Expo 2020 will help improve the UAE and the Middle East’s image worldwide. This will increase the regions’ attractiveness and ability to hire expatriate talent,” Weidlich said.

Expo 2020, which will run for six months, is expected to bring in many expatriates that are looking for work. Over the next five years, an estimated 200,000 jobs will be created, but Larisa Muravska, a partner at Mercer, a human resources consulting firm, says it is difficult to determine where those jobs are coming from

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