According to an EMIR survey of over 130 senior executives about the policies that gear up Emiratisation in the private sector, 23% of respondents would prefer to see the government offer training incentives while only 6% want wage subsidies.
The survey was conducted at EMIR’s June Boardroom briefing, held in association with the Dubai Economic Council (DEC), and hosted in Burj Al Arab yesterday morning.
H.H. Sheikh Nahyan bin Mubarak Al Nahyan, UAE Minister for Culture, Youth and Community Development spoke directly to the C-suite audience to offer the government’s viewpoint on Emiratisation, while senior executives gave their opinions on potential policy via EMIR’s electronic survey.
“The United Arab Emirates (UAE) supports the success of the private sector, and it is only reasonable that the private sector should support the success of the youth of the country,” Sheikh Nahyan bin Mubarak Al Nahyan told business leaders at the prestigious meeting, which is part of an on-going series of briefings organised by EMIR.
“The anonymous e-poll made during the event is a good instrument to build a picture of what the Emiratisation issue means to multinational companies in the UAE. However, DEC has placed Emiratisation on the top of its 2014-15 agenda and there will be ongoing joint future projects with EMIR in the direction that promoting the vital role of public-private partnership in public policy for enhanced Emiratisation in the private sector,” said H.E Hani Al Hamli, Secretary General of the DEC.
“Our clients appreciate Sheikh Nahyan’s willingness to interact with them at the EMIR briefing, and to listen to their thoughts on Emiratisation policy,’ said Trevor McFarlane, Founder of EMIR. He went on to say, “Indeed many of our clients told me they now plan to re-examine their Emiratisation strategy after attending the briefing.”
Indeed 93% of senior executive respondents to EMIR’s survey want further interaction with the government on the issue of Emiratisation.
The objective of the EMIR Boardroom briefings is to bring together senior executives and high-profile policymakers in a closed-door environment for a candid discussion on a range of different issues impacting business.
EMIR will write a white paper on the topic of Emiratisation based on the insights garnered from yesterday’s discussion as well as the data from the poll. Not only will these insights help shape government policy on the issue, but they will also form the foundation for on-going collaboration between EMIR and the DEC on Emiratisation.
EMIR’s next briefing will take place on September 30th.
Emerging Markets Intelligence & Research (EMIR) helps leading multinational companies in the region to better understand the markets in which they operate by providing market intelligence, in-house briefings and custom research. Through EMIR Boardroom, an on-going series of private briefings, the company brings together senior executives and high-profile policymakers to help the private and public sectors build better understanding and cooperation.