Companies listed under Abu Dhabi Global Markets (ADGM) are expecting an employment surge as almost 71 percent revealed plans to expand their workforce this year, a new survey found.
While close to 30 percent of companies expected significant increases, 40.88 percent of companies plan moderate growth in staffing this year, the survey said.
The comprehensive survey was conducted among the ADGM community to assess the growth outlook for ADGM in 2024.
The UAE is expected to see a strong growth trajectory this year in several sectors, with asset management poised to take the lead, a new survey said.
“This collective optimism underscores Abu Dhabi’s robust economic health and the strong confidence within the business community in the IFC’s conducive business environment,” ADGM said.
Fintech and the fields of digital assets, blockchain, and distributed ledger technology (DLT) are the other sectors projected to post strong growth in 2024, the survey by the Abu Dhabi Global Market (ADGM) showed.
The strong growth prospects in these sectors are said to be due to the growing interest in sustainable finance and private banking and wealth management, which are also projected to experience substantial growth this year.
Professional Services are also forecast to continue their upward trend, rounding out the sectors set for expansion within the dynamic financial landscape of the IFC.
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