LinkedIn Data Maps UAE Eco­nomic Growth

Kuwait Times - - TECHNOLOGY -

LinkedIn, the world’s largest pro­fes­sional net­work, has un­veiled new re­search pro­vid­ing in­sight into the UAE econ­omy. The re­search shows that the UAE is be­com­ing a thriv­ing hub for busi­ness and in­dus­try. The find­ings of the re­search are aligned with the UAE govern­ment’s vi­sion which aims to fur­ther aid the coun­try’s eco­nomic devel­op­ment in in­dus­tries and in­fra­struc­ture.

The data that shows that al­most 60% of the UAE’s work­force is cur­rently em­ployed by lo­cal com­pa­nies. The lat­est statis­tic is demon­stra­tive of the in­vest­ment lo­cal com­pa­nies are mak­ing in the youth of the UAE and shows how some sec­tors such as bank­ing, avi­a­tion, telecom­mu­ni­ca­tions, hos­pi­tal­ity and re­tail are staunchly sup­port­ing young UAE tal­ent. The re­search shows that Emi­rati com­pa­nies come up on top in terms of sup­port­ing the lo­cal labour force de­spite hun­dreds of in­ter­na­tional com­pa­nies be­ing re­gion­ally head­quar­tered in the UAE.

The re­search is part of LinkedIn Eco­nomic Graph, a dig­i­tal map­ping of the global econ­omy. Cur­rently de­vel­op­ing the first Eco­nomic Graph in the world, LinkedIn’s vi­sion is to cre­ate an eco­nomic op­por­tu­nity for ev­ery mem­ber of the global work­force. The graph in­cludes ev­ery job op­por­tu­nity in the world; the skills re­quired to ob­tain those op­por­tu­ni­ties; the pro­files for ev­ery com­pany in the world of­fer­ing those op­por­tu­ni­ties; the pro­fes­sional pro­files for ev­ery one of the 3.3 bil­lion peo­ple in the global work­force; and the pro­fes­sional knowl­edge that ex­ists within and be­tween each of these en­ti­ties.

The UAE Eco­nomic Graph has been built on the data of the coun­try’s 3 mil­lion reg­is­tered users of pro­fes­sion­als. The find­ings were re­leased to­day at LinkedIn’s Dubai head­quar­ters in part­ner­ship and the pres­ence of Dr. Ah­mad Bel­houl, ˝Min­is­ter of State for Higher Ed­u­ca­tion Af­fairs and H.E. Dr. Aisha Bin Bishr, Di­rec­tor Gen­eral of the Smart Dubai Of­fice.

LinkedIn’s col­lab­o­ra­tion with the Min­istry of Ed­u­ca­tion aims to equip stu­dents with the in­for­ma­tion they need to learn the skills of the fu­ture. The find­ings from the Eco­nomic Graph will aid stu­dents in de­cid­ing which qual­i­fi­ca­tions they need in or­der to make them more em­ploy­able.

The data re­veals that Civil En­gi­neer­ing, Busi­ness Man­age­ment and Com­puter Sci­ence are the lead­ing de­grees for un­der­grad­u­ates in the UAE whilst In­dus­trial En­gi­neer­ing, Busi­ness Man­age­ment and Com­puter Sci­ence took the top spots for post­grad­u­ate stu­dents in the UAE. In nearly ev­ery in­dus­try tech skills are be­com­ing a re­quire­ment. LinkedIn re­cently un­veiled the UAE’s Top Skills of 2016, the skills that are most sought af­ter among em­ploy­ers in the UAE. Six of the top ten skills listed were in the tech in­dus­try with Sta­tis­ti­cal Anal­y­sis and Data Min­ing com­ing up num­ber one.

The re­search has also mapped the pri­mary skill clus­ters for the fu­ture of in­no­va­tion in the UAE. Ro­bot­ics, Data Sci­ence, 3D print­ing and the In­ter­net of Things are the core skills which the World Eco­nomic Fo­rum classes as the main phys­i­cal and dig­i­tal driv­ers of the fourth in­dus­trial revo­lu­tion. These skills are highly sought af­ter in the UAE and big data cer­ti­fi­ca­tion adds an edge to job ap­pli­cants’ pro­files. Cur­rently, UAE is num­ber 16 glob­ally in hav­ing the high­est num­ber of 3D print­ing & de­sign tal­ent. Over 60% of 3D tal­ent pro­fes­sion­als work for lo­cal UAE com­pa­nies.

“I com­mend LinkedIn on the launch of its Eco­nomic Graph ini­tia­tive in the UAE, which will help univer­sity grad­u­ates bet­ter un­der­stand pro­fes­sional op­por­tu­ni­ties avail­able in the coun­try and glob­ally,” noted HE Dr. Ah­mad Bel­houl, Min­is­ter of State for Higher Ed­u­ca­tion Af­fairs. “Fur­ther­more, the Eco­nomic Graph will be in­te­gral to shap­ing the higher ed­u­ca­tion land­scape in the UAE to en­sure that our stu­dents are grad­u­at­ing with the skills they need for the jobs of the fu­ture,” he added.

“Our pri­vate sec­tor col­lab­o­ra­tions with com­pa­nies such as LinkedIn are vi­tal in help­ing us to achieve our strate­gic pil­lars and con­trib­ute to Smart Econ­omy. This in­no­va­tive in-depth anal­y­sis of data aligns with our pur­pose of max­i­miz­ing hap­pi­ness for in­di­vid­u­als in Dubai. By bet­ter un­der­stand­ing the UAE econ­omy and pool of tal­ent, we can work to­gether to em­power our res­i­dents. Smart Dubai prides it­self on iden­ti­fy­ing global best prac­tices and we rec­og­nize the work that LinkedIn is do­ing around the world through Eco­nomic Graph. We are happy that the UAE is the first re­gional mar­ket to launch Eco­nomic Graph and we look for­ward to us­ing the data to max­i­mize hap­pi­ness in the UAE,” said Her Ex­cel­lency Dr. Aisha Bin Bishr Di­rec­tor Gen­eral of the Smart Dubai Of­fice.

“Launch­ing the UAE Eco­nomic Graph has been a mo­men­tous step for LinkedIn. We are deeply com­mit­ted to our vi­sion of cre­at­ing an eco­nomic op­por­tu­nity for ev­ery mem­ber of the global work­force and through our strate­gic part­ner­ship with the Min­istry of Ed­u­ca­tion and Smart Dubai Govern­ment, we are one step closer to re­al­iz­ing these goals in the UAE. The UAE Eco­nomic Graph rep­re­sents the first Eco­nomic Graph to be launched in the Mid­dle East and we plan on rolling out the dig­i­tal map across the re­gion.

The find­ings from the UAE Eco­nomic Graph are pos­i­tive in­di­ca­tors of lo­cal eco­nomic devel­op­ment and the con­fi­dence that UAE cit­i­zens have in the UAE as a hub for in­dus­try and busi­ness” said Ali Matar, Head of LinkedIn Tal­ent So­lu­tions, Growth Mar­kets, South­ern Europe, Mid­dle East and North Africa.

Find­ings from the UAE Eco­nomic Graph show that 58% of the UAE-based work­force is now em­ployed by estab­lished lo­cal com­pa­nies, SME’s and star­tups. The re­main­der of the UAE-based work­force is em­ployed by com­pa­nies based in the US, In­dia and Europe.

When it comes to find­ing lo­cal em­ploy­ment, the ma­jor­ity of grad­u­ates pre­fer to work for com­pa­nies in the UAE. 75% of those who stud­ied at UAE univer­si­ties have cho­sen to re­main in the UAE and have shown great in­ter­est in con­tribut­ing and de­vel­op­ing the lo­cal com­mu­nity.

Con­versely, the em­ploy­ment sec­tor that em­ploys the most peo­ple in the UAE is Pro­fes­sional Ser­vices (16%). Ar­chi­tec­ture & En­gi­neer­ing (14%), Fi­nan­cial Ser­vices (10%), Re­tail & In­sur­ance (10%), Aero/Auto/Trans­port (8%) and Oil & En­ergy (8%) also dom­i­nate the list.

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