The UAE labour market created jobs for more than five million people in 2017 and received 1.35 million workers for the private sector, according to a senior official.
Nasser bin Thani Al Hamli, UAE Minister of Human Resources and Emiratisation, said robust economic activities made the UAE economy more resilient and sustainable, creating more job opportunities.
According to the Global Competitiveness Report 2017-2018 released by the World Economic Forum, the UAE was ranked top in the Arab world and 11th globally in the labour market efficiency index.
The UAE also ranked second globally in the attraction and retention of skilled professionals.
"Average job transfer in the UAE labour market reached more than five percent in 2017 driven by a package of reforms introduced by the government in 2016," said the minister at the 45th Arab Labour Conference in Cairo.
He added: "The whole world, including our Arab world, is experiencing complicated technological, economic and social transformations, which experts predict to have a far-reaching impact on the labour markets reality.
"We all need to pay due attention to these effects. We, as decision-makers and regulators of labour market, should develop policies and programmes to address these transformations and their aftermath.
He called for more investment to rehabilitate Arab youth and equip them with knowledge and education to thrive in economies which are increasingly relying on technology.For all the latest business news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
Subscribe to Arabian Business' newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.