A career in MIDDLE EAST
A career in Middle East UAE: The third and the biggest reason why people actually want to shift to the Middle East is that it does not require massive investment.
If you look at the top five countries that remit to India, three are in the Middle East. This conclusively proves that the job market for Indians in the Middle East is massive.
It’s growing and it will continue to grow. If you are someone who is interested in working outside India, then you must seriously look at the job market in the Middle East.
Now, why do I say,
of course, I’m going to explain that entire scenario in this article in detail?
Just a very quick note here is that the Middle East job market is designed in such a way that Indians can shift to the Middle East without the student visa route.
What I mean by that is that, for example, if you’re looking to shift in the US or if you’re looking to shift in Europe, then essentially the route is that you have to go study at a university,
get a student visa, then convert that visa to an employer. So that’s a big step because you need to make so much expenditure.
But in the Middle East, the scenario is different. You can actually directly
find jobs in the Middle East.
So in this post, I’m going to cover the specifics of the job market in the Middle East. Just a very humble request that if you like this type of content,
please, like, and share, So with that said, let’s jump into this Article. So there are five specific points that I would like to cover in this Article,
- The first point is that why is the Middle East market growing and why is there so much demand for jobs?
- Why do people actually want to shift there?
- Second, I’m going to look at the supply side.
- Why is it that the governments in the Middle East are able to create so many jobs and revolutionize
- Third, we are going to take a look at major industries and major job types.
- Fourth, we are going to take a look at the visa situation in the Middle East.
- And finally, I’m going to leave you with some job search strategies and tips.
why is the Middle East market growing and why is there so much demand for jobs?
Now, the job market of any country is developed due to a strong supply of intelligent people who want to actually go to that country and work,
and the demand that is being created by the governments, are they able to provide enough jobs.
When these two power combines, it creates magic in the job market.
Now, let’s first understand from the supply side that why people, intelligent people, want to actually move to the Middle East and work in countries like UAE.
The first and foremost reason is very simple, that several countries in the Middle East, such as UAE, have
zero personal income tax.
Now, you might be surprised to learn that, for example, if you’re working with Mckinsey in the Scandinavian country,
you would be paying 45 percent tax.
But if you’re working in Dubai, you would be paying zero tax. So Mckinsey pays in terms of PPP, purchasing power parity.
So if you are working in UAE or if you’re working in Sweden, you would essentially be getting similar salaries, but because people in Dubai do not have to pay taxes,
they would end up making 45-50 percent more money compared to their Swedish counterparts. Now, the obvious question here would be,
why is it that Middle East countries do not levy any personal income tax?
The answer is very simple that these were oil-rich economies.
They still are very oil-rich and natural resource-rich countries, and they don’t need to levy taxes on the people who are working in these countries.
This is the most obvious answer. But second, and more important answer here is that there is a systemic
that the Middle Eastern governments actually want to employ good people.
They want people to come to their house because you need to think about it this way, the majority of the Middle Eastern countries are super-rich in terms
of natural resources, oil, natural gas, et cetera. But the living conditions were not conducive.
For example, it gets extremely hot in the Middle East, so a majority of the people would not want to go there.
So it acted out as a tax incentive structure, combined with the richness of these countries, which made it a big hub as a tax-saving hub and people actually wanted to move here.
The second reason why people want to move to the Middle East is the convenience and the multicultural
nature of these nations.
For example, if you move to the US or Europe, the majority of the Indians would find it as a cultural shock in the sense that they would have to do their own work,
a majority of the household work because we have grown with certain conveniences from that perspective. But if you move to the Middle East,
that is not a cultural shock because in the Middle East you can still find housemaids.
There are still people who you can employ, pay money to get your house fixed, so on and so forth. So that becomes slightly easy.
So that cultural shock is not there. That’s one. The second is the location advantage in the sense that, for example,
the tourist visa to Dubai or the Middle East countries,
it’s very, very easy to get in, very quick to get. So people feel a little a bit safer and it becomes easy for them
to travel from India to the Middle East.
The flight timings are much more conducive. These are not very long duration flights. The family feels a little
comfort that you are still close to India.
So from that perspective, people actually want to shift to the Middle East. The third and the biggest reason why
people actually want to shift
to the Middle East is that it does not require massive investments.
So essentially, if you’re looking to shift to Europe or if you’re looking to shift to the US, what usually ends up happening
is that you have to actually go invest money studying at a university, first on a student visa, then look for a job, build your local network,
and when you finally get a job and then you get some kind of visa. For example, in the US, you get an H-1B visa.
But in the Middle East,
you can actually find a job sitting right here in India if you play your cards right.
The important point to note here is that you don’t need to make that student visa investment, so you don’t need to pay an insane amount of fees to different
universities just to shift to another country. But having said this, just a very brief note here,
that if you have graduated from top tier
universities, for example, INSEAD has a campus in the Middle East.
Now, I have a lot of friends who have graduated from Harvard, Stanford, Wharton, and they are working in the Middle East.
The point is that if you’re looking at elite jobs with companies like Mckinsey, Google, EY Parthenon, etc. then graduating from top universities still helps.
But the important point I want to communicate is that if you are just looking to shift outside India, then shifting to the Middle East is not that complex compared to some other countries.
And you need not necessarily make that study abroad investment. Now, if you ask yourself a very simple question that
why is it that the Middle East countries are able to create so many jobs and why is the government so proactive there?
The answer is very simple and I will read out a very brief statement for you. UAE is ranked among the top 20 for global service businesses, according to AT Kearny,
the top 30 of the World Economic Forum’s most networked countries, and in the top quarter is the least corrupt country as CPI corruption index.
Given the geographical location of the Middle East countries, they usually act as the central hub for a majority of the trade and commerce that happens across the world.
For example, you might have heard of something called the Swiss Canal. Now through the Swiss Canal, the majority of the ships that actually carry cargoes travel.
As Masa result of their geopolitical location, Middle East countries have become major trading hubs in trade and commerce centers.
And now the geopolitical standing is just one part of the entire equation. There is another system at play here.
So what happened between 2007 and 2010 was that these Middle Eastern countries were going through an oil crisis.
Now, the price of the oil tanked and the majority of these countries, which were oil-rich, they actually started making a lot of loss which acted as a jolt
and a point of realization for the majority of these governments that, hey, we need to diversify our economy outside of the oil economy.
So they started focusing massively post-2010 on a bunch of sectors. For example, e-commerce, health care,
For example, cybersecurity is becoming one of the tops notch destinations for the majority of the tech players to establish their stronghold
and foothold and their corporate headquarters in the Middle Eastern countries. So, in short, the geopolitical location of these Middle Eastern countries, the flow of trade and commerce,
combined with the fact that these countries are diversifying their economy outside their oil economy, is proving to be a boon for the job market.
Now, let’s move on to looking at specific industries that are growing in the Middle East.
Now, let’s understand that
which industries in the Middle East are growing and booming?
So first and foremost, you need to understand that in the Middle East there are primarily two types or
two segments of jobs.
One would be called lower-end jobs, these would be construction-related jobs. So these would be labor-related jobs.
And again, there is a lot of bad stuff that happens in this domain. So you should be very careful before you
make that move to Dubai or any
Middle Eastern country that if you are going for these low-end employment opportunities to the Middle East, it’s OK to go.
But don’t pay money to people upfront and don’t engage in these kinds of nefarious activities, so to say, because you might lose your passport,
you might get stuck in the Middle East and a lot of bad stuff can happen. So if you know someone who is looking for such opportunities,
be very mindful that if you’re looking at low-end opportunities, never pay money to anyone just to shift to Dubai. That’s one. The other type of job would be high-end jobs.
So this is what I will cover in this segment. So high-end jobs would be jobs in technology. For example, Google, Facebook, Amazon.
These would be jobs in consulting, BCG, Bain, Mckinsey. These would be private equity, VC funds like Sequoia Capital. These would be high-growth startups.
So there are a lot of startups that are coming out and are gaining a lot of prominence in the Middle Eastern region. So all of these are high-end employment opportunities.
Not in my personal opinion, three specific sectors are gaining a lot of prominence in the Middle East. One is consulting, second is technology, and third is healthcare.
So I will talk about these three sectors very briefly. If you take a look at the consulting industry, the consulting industry is growing massively in the Middle East.
The reason, again, ties into what I was saying on the opening that the Middle East is actually going through
a tectonic shift in terms of diversifying
their economy from being an oil-based economy to an economy of different sectors.
So, therefore, consulting companies end up getting a lot of work and therefore you will see a bunch of consulting
companies opening their offices here.
And almost every major consulting firm has an office in the Middle East and their office size is also quite big. Now, within consulting,
the best part is that in addition to participating in traditional consulting projects like technology, media, telecom, Indians or international students can actually,
work on government-related projects while working with these consulting companies. So this gives a massive boost in terms of your employability chances here.
Also, keep in mind that English is the primary mode of communication, so there are no language barriers. Therefore an industry like consulting
for international student types thrives and succeeds. if there are any specific destinations that you would like me to cover, be it Australia, Canada, let me know in a comment.
I will definitely Publish an article on that.
Next, let’s take a look at the finance industry in the Middle East. Now, the Middle East has a very
booming finance industry.
The reason, again, is twofold. One is that there are a lot of startups that are coming up in the Middle East. They require financing. They require structural support.
So a booming tech market is developing, which actually supports the finance industry. That’s reason number one. And number two is that government actually
ends up spending a lot of money in terms of structuring these startups, investing in these startups. So they require investment banks to work
directly with the government to facilitate such investments. For example, Dubai has a very big sovereign wealth fund
and they make investments all across the globe in terms of supporting startups. So because of which the finance industry is thriving.
The additional peripheral point why the finance industry is thriving in the Middle East is very simple that in the Middle East the tax structure is very low.
And also it’s very easy to set up companies. Therefore, since many corporations want to shift to the Middle East,
the finance industry grows massively.
Let me finally talk about the logistics and operations phase. Now, if you are an engineer and if you are
looking to work in the Middle East,
then most likely will end up finding opportunities in engineering, construction management, logistics, operations, transport.
These are booming industries, again, because of the geopolitical and geographical location of the Middle East. That’s such a high volume of business in
physical format, in form of cargos, etc. passes through the Swiss Canal. Given the proximity to Middle Eastern
countries, there are a lot of opportunities
in terms of logistical management, transportation, construction. So therefore these industries would continue to grow and thrive in the Middle East.
Now, let’s very quickly talk about the visa situation in the Middle Eastern.
The visa situation in the Middle Eastern?
Countries now, first and foremost, your work permit must be sponsored by your employer. So, for example, Mckinsey
or Google hires you,
then they must be the ones sponsoring your visa. Now, this brings us to the next question that hey Anuj,
why would a company want to hire an Indian in the Middle East?
The reason is that a majority of the companies, for example, Google, Mckinsey, are looking
to offshore a lot of work.
Now the Middle East is a perfect hub because they understand that they can bring on a lot of people from diverse nations like India, a bunch of Southeast Asian countries.
They can recruit talent from these countries. They can use the low tax rates in the Middle East and bring people on there and create a massive workforce in the Middle East.
And again, this workforce has close proximity to Europe, office, US office, etc. So this is a Win-Win situation.
On one hand, you have companies that are able to take advantage of the low tax rates available in the Middle Eastern countries and tax incentives and different
SEOs that have been created. And on the flip side, even people from India or Southeast Asia who want to leave these countries
and go to the Middle East can find employment. So it creates a massive win-win situation for both parties involved.
Now, this is evident from this particular article. India and Southeast Asian countries covered approximately 45 percent
of middle management talent for the GCC region now. This is because UAE governments have instituted reforms like golden visas, remote work visas, and multiple
entry visas and are also attracting a lot of ex-pats, Indian and South-East Asian officers to work in Dubai.
The last point here is that we must also understand that how the citizenship scenario in the Middle East
is going to play out.
Very recently, the UAE government, for the first time in history, announced that it will grant citizenship to foreign residents for the first time,
provided that they add value to the Gulf state. All in all, the situation is that the government is actually going through a transformative shift,
which is creating a massive number of jobs. And there are people who actually want to shift to these countries.
So this creates a beautiful ecosystem which is leading to a lot of jobs in the market. Now, in terms of exploring job search opportunities in the Middle East,
there are few specific points that you must remember. First and foremost, taking internal reference is the key
to find jobs in the Middle East.
So if you are looking to work in the Middle East, try contacting people on LinkedIn, trying to search for them, building relationships with them
and figuring a way to get internal referrals and responses that will improve your odds massively sitting in India
and then landing a job in Dubai.
Number two, you must have a very good answer to why you want to shift to the Middle East. You can say that here because the tax rates are 0, therefore I want to shift
to the Middle East. No, that will not work. That would be a really bad answer. You need to explain how your work, whatever you have done up until this stage,
how is that going to add value to the Middle Eastern economy. That is going to be a very important answer and response.
The third job search strategy that I would like to explain is you can utilize the tourist visa option that Middle East countries give.
It’s very easy to get a tourist visa so you can utilize that tourist visa, go to these Middle Eastern countries, attend some conferences.
Depending on the space in which you are interested, you can go and attend these conferences, build your network and then try to get a job.
Again the final point is that use LinkedIn it’s really well. If you know how to use LinkedIn, how to build a relationship with the recruiter and network with people, effectively,
you will find great opportunities in terms of finding work in the Middle East.
So I wish you the best.
I hope you liked this Detailed guide.
Please give it a thumbs up.
That would mean a lot to me.