Tuesday 26 April 2011

Securing prosperity for the next generation of UAE nationals - The National

Throughout the Middle East and North Africa, officials are working to secure economic prosperity for future generations. In the UAE, the need for economic reform arises from a unique blend of demographics and challenges.

On close inspection, strains on the economy are already visible and threaten to deprive future generations of their share of prosperity. The need for reform is no less urgent because oil revenues have helped to hide structural imbalances and the region's economies, growing by an average of 9 per cent annually in recent years, display no urgent need for change.

But the current economic model of Emiratisation - the active participation of Emirati nationals in the economy - cannot last. Young, working-age adults account for a growing share of the population and are struggling to find jobs.

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