Yousef Al Bustanji (Abu Dhabi)
Officials in the banking and insurance sector in the UAE confirmed that the Central Bank’s Emiratisation initiative could be implemented within a record period, if the responsible and concerned authorities in this sector combined efforts in the field of education, training and motivation for national cadres.
Officials in the insurance sector told Al-Ittihad that it is possible to employ up to 3,000 citizens in the insurance sector alone by 2022, and that there are no real difficulties or challenges preventing the settlement of thousands of jobs in the sector.
Nasser Abdullah Al-Awadi, CEO of ADIB Group, said: What institutions and companies need is to focus more on their societal impact, in particular on providing the Emirati workforce with the future skills they need in order to prepare future business leaders.
He added: “Our focus at the bank is on enhancing sustainable growth opportunities, including focusing on projects that support and empower Emirati cadres and national capabilities by working to provide the Emirati workforce with the future skills they need to be the business leaders of tomorrow.”
By contributing to preparing a generation of young people, we can effectively contribute to transforming society and making a broad positive impact on institutional performance and ultimately our society in general.
He stressed that the bank has achieved great success in its Emiratisation strategy, indicating that the bank’s Emiratisation rate exceeds 40%, which is one of the highest Emiratisation rates in the sector.
In addition, Abdul Latif Abu Qura, CEO of Dubai Insurance Company, said that the experience of Dubai Insurance Company in this field proves beyond any doubt that there is no challenge or great difficulties in the issue of Emiratisation, as the company succeeded in raising the Emiratisation rate for its employees from 12% to 34%. During 2021 only, by appointing 57 citizen employees, bringing the number of citizens in the company to 82.
And he indicated that the company succeeded in achieving this goal by focusing on training, education and motivation programs and courses that enabled the qualification of national employees wishing to work to obtain the necessary knowledge to fill the positions and jobs available in the company.
Abu Qura stressed that the insurance sector can accommodate the employment of between 2,000 to 3,000 citizen employees during the year 2026 if a methodology is followed that focuses on the necessary aspects to prepare, qualify and motivate employees to work in the sector, based on the experience of the Dubai Insurance Company last year.