A Metro station under construction on Sheikh Zayed Road.
A Metro station under construction on Sheikh Zayed Road.
A Metro station under construction on Sheikh Zayed Road.
A Metro station under construction on Sheikh Zayed Road.

Metro throws open job gates


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DUBAI // About a third of the jobs on the new Dubai Metro will go to Emiratis, according to a senior project director. In total, 2,150 people will be needed to operate the the Red Line when it opens in September. Eight hundred positions have already been filled and a big recruitment drive is under way.

Serco, the operator of the system, wants 30 per cent of the jobs to go to nationals. Paul Anderson, project director, said: "We have a strong Emiratisation policy." Mr Anderson said Emiratis would fill managerial and supervisory roles and would be trained to the required skill levels. Serco has set up a website, www.joindubaimetro.com solely for recruiting purposes and will attend this year's Careers UAE job fair at the end of the month.

"There are already a lot of consultancy firms looking for people all over the world, chiefly India and the Philippines," said Peyman Younes Parham, director of the Roads and Transport Authority's marketing and corporate communications department. The 30 per cent Emiratisation requirement is high compared with the targets set for companies in several other sectors. The insurance industry had a 15 per cent requirement in 2007-08, with an additional four per cent required each year. So far, however, Emiratis make up only seven per cent of the workforce.

The banking sector's quota was set at four per cent in 1997-98, with the stipulation that it should increase by four per cent a year, giving the industry a requirement of 44 per cent of its staff to be Emirati this year. Serco has hired specialists who have trained staff for the Hong Kong metro, and the newest recruits have begun their training. "The majority are already in the classrooms. In two months' time, they will receive hands-on training at the stations," added Mr Parham.

There are five different training programmes, including a graduate engineer programme and apprentice schemes for school-leavers. "In the operations management course we train for future leaders in the appropriate departments like operation supervisors and stationmasters," said Mr Anderson. Three of the eight directors at Serco were Emiratis, he added. "The remaining five are expatriates who are railway experts or specialists."

Security supervisors had been recruited locally. "They come from the police or other areas of security," he said. On its website Serco has also posted 49 positions, ranging from a performance analyst to a cleaner, and including a track technician, a finance assistant, a graphic designer and a car park duty manager. The Dubai Metro, which is intended to relieve the traffic burden on the city's roads, requires job applicants to have good communication skills, including both spoken and written English.

It is mandatory for all applicants to meet standards for the role applied for and complete a medical. Visual and hearing tests will be conducted on the candidates, who will have to show they can make quick decisions, concentrate despite distractions and pay attention to detail. The eagerly awaited Dh15.5 billion (US$4.2bn) driverless railway is on target for September 9, but questions have been raised over the opening of some of the stations because planned residential and commercial developments nearby will not be completed on time.

However, the project has met several deadlines, including the completion of the Red Line's viaduct three days early. The 52km viaduct, which stretches the length of Sheikh Zayed Road between Al Rashidiya and Jebel Ali, is expected to carry an estimated 27,000 passengers an hour in each direction on 42 trains, stopping at Burj Dubai, Internet City and Jebel Ali among other places. eharnan@thenational.ae

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Tightening the screw on rogue recruiters

The UAE overhauled the procedure to recruit housemaids and domestic workers with a law in 2017 to protect low-income labour from being exploited.

 Only recruitment companies authorised by the government are permitted as part of Tadbeer, a network of labour ministry-regulated centres.

A contract must be drawn up for domestic workers, the wages and job offer clearly stating the nature of work.

The contract stating the wages, work entailed and accommodation must be sent to the employee in their home country before they depart for the UAE.

The contract will be signed by the employer and employee when the domestic worker arrives in the UAE.

Only recruitment agencies registered with the ministry can undertake recruitment and employment applications for domestic workers.

Penalties for illegal recruitment in the UAE include fines of up to Dh100,000 and imprisonment

But agents not authorised by the government sidestep the law by illegally getting women into the country on visit visas.

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

Timeline

2012-2015

The company offers payments/bribes to win key contracts in the Middle East

May 2017

The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts

September 2021

Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act

October 2021

Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence 

December 2024

Petrofac enters into comprehensive restructuring to strengthen the financial position of the group

May 2025

The High Court of England and Wales approves the company’s restructuring plan

July 2025

The Court of Appeal issues a judgment challenging parts of the restructuring plan

August 2025

Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision

October 2025

Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange

November 2025

180 Petrofac employees laid off in the UAE

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COMPANY PROFILE
Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million