The statement you provided highlights several key points regarding employment trends and salary increases in the Gulf Cooperation Council (GCC) region, with a particular focus on the manufacturing, procurement, and supply chain sectors, as well as the construction sector. Here’s a breakdown of the information:
Salary Increases in Manufacturing, Procurement, and Supply Chain: In 2022, more than 70% of employees working in the manufacturing, procurement, and supply chain sectors in the GCC received salary increases. This percentage represents a significant portion of the workforce in these industries.
Highest Salary Increases in Manufacturing, Procurement, and Supply Chain: Among the various sectors analyzed, the manufacturing, procurement, and supply chain sector experienced the highest average salary increases. This suggests that these industries were performing well and had the financial capacity to reward their employees.
Saudi Arabia Leading in Salary Increases: Within the GCC region, professionals working in Saudi Arabia received the highest average salary increase, with an average increase of 20%. This indicates that Saudi Arabia’s job market was particularly competitive and attractive for talent in these sectors.
Robust Hiring in the Construction Sector: The report also mentions that the construction sector is expected to remain robust in terms of hiring. This suggests that there are ongoing and upcoming construction projects in the GCC region that require a significant workforce.
Mega-Projects in Saudi Arabia and the UAE: Saudi Arabia and the United Arab Emirates (UAE) are singled out as countries with substantial construction projects in the pipeline. These projects are collectively valued at $1.36 billion, according to real estate specialists CBRE. This highlights the potential for job opportunities and economic growth in both countries, especially in the construction industry.
Overall, the information in the statement paints a picture of positive employment trends in specific sectors within the GCC region, with salary increases and robust hiring in manufacturing, procurement, supply chain, and construction. These trends are indicative of economic development and investment in infrastructure and industries in the region.
( Salma Altantawy, Editor at LinkedIn News)