UAE to give conglomerate favourable treatment after local hiring pledge | Reuters
The United Arab Emirates will give favourable treatment to a locally-owned conglomerate after it pledged on Saturday to hire thousands of citizens, days after the government unveiled a $6.5 billion plan to get more Emiratis in private sector jobs.
Prime Minister Sheikh Mohammed bin Rashid Al Maktoum on Twitter thanked shopping mall giant Majid Al Futtaim for its commitment and said it would be given priority in government contracts.
Majid Al Futtaim, which generated 15.6 billion dirham ($4.25 billion) in revenue in the first half of the year, earlier said it would hire 3,000 Emiratis over the next five years.
“We have a collective sense of responsibility to support and upskill the talented and ambitious national workforce that exists in the UAE," Chief Executive Alain Bejjani said.
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