Increased Staff Hiring Rates Show Middle East Economies Ready to Boom

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Written by Richard Finlayson, Senior International Editor for Industrial Info Resources (Sugar Land, Texas)--Across the Middle East-North Africa (MENA) region, 30% of companies say that they definitely are hiring staff, and an additional 25% say they probably will hire in the next three months. Saudi Arabia has the highest hiring expectancy, with a collective 65% of companies looking to hire staff, according to a survey by the job site Bayt and YouGov. The country with the lowest hiring expectancy is Morocco, with only 17% of companies definitely hiring.

The majority of jobs across the region will come from the private sector, led by large local companies, multinationals and small- to medium-sized firms.

"The fact that there are many jobs coming from small to medium companies is a good sign of booming local economies in the Middle East, as this signals that smaller entrepreneurial ventures are more comfortable hiring than they were in the beginning of the year," Bayt's Suhail Masri said.

The good news for graduates and first-time employees is that more companies are looking to hire junior executives and executives.

The region's most attractive industries are believed to be construction, telecommunications, and banking and finance.

Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, three offices in North America and nine international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities.