UAE Youth are transforming into young entrepreneurs

UAE Youth are transforming into young entrepreneurs

A study conducted by AON Hewitt and Dubai International Academic City revealed that 7 out of 10 university students in the UAE would like to stay in the country after graduating. The data for the Qudurat Student Wave III study was consolidated from 996 national, transnational and resident students enrolled at 10 institutions across Dubai. This made it one of the most comprehensive studies in the region.

 

Image Source: Shutterstock

Image Source: Shutterstock

According to the reports, there’s a 19% rise in the number of university students who wish to stay in the country, as compared to the number in 2013.
An impressive 1 in 4 Emirati student showed keen interest in becoming an entrepreneur and starting their own business. Another groundbreaking finding from the study was the dedication and ambition showcased by Emirati female students, as none of them wanted to become homemakers. The majority wanted to, either study further, or start their own business.
Mohammad Abdullah, Managing Director of Dubai International Academic City said, “Having a strong academic ecosystem in Dubai will provide students who aspire to create the economies of tomorrow with the infrastructure that is needed to get there. As Dubai seeks to create an innovative economy, findings from the report demonstrate how aspirations of students are changing and how young people are becoming far more entrepreneurial and optimistic about their future, because of the opportunities to fulfil their ambitions in Dubai.”
Elias Dib, Partner, Aon Hewitt Middle East, said “UAE is a fast-paced labour market with unique challenges.”
The study findings highlight the changing expectations and goals of new employees entering the workforce and the presence of a clearer shift towards more realistic expectations from their employers as well as a stronger entrepreneurial sentiment.
“The insights provided should definitely help policy-makers, business leaders and HR professionals develop comprehensive talent strategies to attract, develop and retain the best university graduates,” he added.
An observation of the study also highlights that organizations and academia will need to make cohesive and collaborative efforts to forge partnerships and seek coordinated solutions that prepare students to face real-world challenges.

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