The economy of Middle East countries like Qatar is clearly bouncing back with last week reports declaring it a hiring season in Middle Eastern world. In continuation with the reports of companies in Middle East regions open to recruitment, news of large-scale need for finance professionals in Qatar has come up. Qatari companies are on a hunt for manpower in its financial domain leading to opening up of large number of jobs in Qatar.
The number of vacancies in the finance sector of Qatar has increased due to a near end of the downward trend of its economy. According to sources, this has resulted in generating at least 5,200 finance jobs in Qatar, increasing the workforce employed in financial companies of the city. Based on the report by an executive search firm Kinsey Allen International, it has been confirmed that the overall strength of economy and the flooding of foreign investments in Qatar are responsible for creating this wave of finance jobs.
The revenues developed by LNG (liquefied natural gas) projects during recession proved extremely helpful in maintaining and even uplifting the economy of the emirate. Qatar has now become the largest exporter of LNG in the world and is expected to grow productions further. The government of Qatar has been making efforts to reach to the levels of bigger cities like Dubai and Bahrain. This is evident as:
1. Oil and gas revenues have helped in expansion of Qatar’s financial sector as it has been competing with Dubai, Bahrain, Abu Dhabi and Saudi Arabia.
2. Qatari companies have successfully been able to avoid debts. The government has strongly assisted banks by investing billions of dollars.
3. Kinsey Allen’s research shows that the stability of Qatar’s economy encouraged foreign investments to grow from US$3.63 billion in 2008 to $20.75bn last year.
Get ready to work in finance industry of Qatar.
The number of vacancies in the finance sector of Qatar has increased due to a near end of the downward trend of its economy. According to sources, this has resulted in generating at least 5,200 finance jobs in Qatar, increasing the workforce employed in financial companies of the city. Based on the report by an executive search firm Kinsey Allen International, it has been confirmed that the overall strength of economy and the flooding of foreign investments in Qatar are responsible for creating this wave of finance jobs.
The revenues developed by LNG (liquefied natural gas) projects during recession proved extremely helpful in maintaining and even uplifting the economy of the emirate. Qatar has now become the largest exporter of LNG in the world and is expected to grow productions further. The government of Qatar has been making efforts to reach to the levels of bigger cities like Dubai and Bahrain. This is evident as:
1. Oil and gas revenues have helped in expansion of Qatar’s financial sector as it has been competing with Dubai, Bahrain, Abu Dhabi and Saudi Arabia.
2. Qatari companies have successfully been able to avoid debts. The government has strongly assisted banks by investing billions of dollars.
3. Kinsey Allen’s research shows that the stability of Qatar’s economy encouraged foreign investments to grow from US$3.63 billion in 2008 to $20.75bn last year.
Get ready to work in finance industry of Qatar.
No comments:
Post a Comment