Living in Abu Dhabi: The Exceptional Growth of the Abu Dhabi Recruitment Market
Historically, Abu Dhabi was a quieter market in the UAE’s bustling economic landscape. For years, the Capital remained overshadowed by its neighbor, Dubai, which was the primary hub for multinationals and government initiatives. Dubai's glittering skyline and dynamic business environment attracted the lion’s share of attention, leaving Abu Dhabi to play a more subdued role. However, this scenario has dramatically changed over the past two years, thanks to a significant strategic shift and robust investment by the Abu Dhabi government, as well as new attention from multinationals and startups. Now, living in Abu Dhabi and working in the capital of the UAE is more attractive than ever.
The Rise of 'Abu Dhabi Inc.'
The transformation began with the Abu Dhabi government’s concerted efforts to bolster the local economy through substantial investments in 'Abu Dhabi Inc.'—a conglomerate of businesses either fully or partially owned by the government. This infusion of capital and resources has fueled substantial growth, particularly at the senior end of the recruitment market. The focus has been on attracting experienced and driven professionals who can steer these businesses toward greater heights. This strategic hiring has been instrumental in reshaping Abu Dhabi’s business landscape, making it a magnet for top-tier talent.
The Dubai Saturation Effect
Another factor contributing to Abu Dhabi’s rise is the gradual saturation of Dubai’s market. As Dubai became increasingly crowded with multinational companies, opportunities for growth and differentiation became harder to come by. This market saturation prompted businesses and professionals to look beyond Dubai, and Abu Dhabi emerged as an attractive alternative, especially with the growth of ADGM (Abu Dhabi Global Markets). With its burgeoning industries and new investment avenues, Abu Dhabi offered fresh prospects that were hard to ignore.
Support for Startups
In addition to targeting high-level professionals, Abu Dhabi has also laid down a strong framework for startups. The government has introduced several initiatives to create a conducive environment for new businesses, including financial incentives, simplified regulatory processes, and dedicated support systems. These measures have made it easier for startups to establish themselves and thrive, adding another layer of dynamism to the local economy.
Support for Startups
With it’s increase in opportunities, Abu Dhabi has also invested in itself as a place to live. It has created Yas Island (pictured above) to attract families, which is the main target audience. It is bringing in more top performers and artists, such as Robbie Williams, Kevin Hart, and Matilda the Musical, plus the F1 season finale, and has invested in improving its schools so they are competitive with Dubai. Resultantly, beyond the increased caliber of work there it is also becoming a great place to live.
Conclusion
The exceptional growth of the Abu Dhabi recruitment market is a testament to the strategic vision and proactive investments by the Abu Dhabi government. From being a quieter market overshadowed by Dubai, Abu Dhabi has emerged as a powerhouse in its own right, attracting senior professionals and fostering a vibrant startup ecosystem. As the city continues to evolve and expand, it stands poised to play a pivotal role in the region’s economic future.