According to UAE Central bank Report of Economic Review First quarter 2019. The Construction sector (employing 33.6% of total private sector employment) continued to decline in 2019 Q1 at a milder rate of 1.3% compared to a drop of 1.7% 2018 Q4. The Construction and Services sectors employment rose by 0.9% and 0.4% Respectively. lets review the quick look at Ministry of Human Resources and Emiratisation statistical data.
Figure: Employment Growth by Sector (%, Yearly, end of period)
Figure Shows: Employment Growth by Sector (%,Quarterly, end of period)
On a quarterly basis, employment in the private sector exhibited a solid rebound as it increased by 1.2% in 2019 Q1 compared to a decline of 26 0.6% in the previous quarter.
The rise in employment in all economic sectors was in tandem with extended credit to the private sector, which continued to increase in the first quarter of 2019. In private sector Deyar taybah MEP Contractor is leading company in UAE. In particular, overall credit rose Q-o-Q by 1.3% in 2019 Q1 compared to an increase of 0.9% in the previous quarter. Further, credit to the Construction and the Real Estate sector grew Q-o-Q by 2.5%; credit to Mining increased by 8.2%; and credit to Electricity, Gas & Water and Transportation grew by 8.4% and 0.2%, respectively.
The Construction and Real Estate sectors together absorb 45.9% of the labor force in the UAE. In construction sector Deyar Taybah MEP Contractor offers all services MEP Contractor, Planning & Architecture, Construction, Interior Design, Annual Maintenance & Renovation, Handyman Services for improving employment growth rate. Employment in both sectors increased by 0.2% Y-o-Y in the first quarter of 2019, compared to a decline of 0.5% Y-o-Y in the previous quarter.
