UAE Shifts to Four and Half day Workweek: Another Bid to Attract Investments
| Case Code: BENV044 Case Length: 6 Pages Period: Pub Date: 2022 Teaching Note: Available |
Price: Rs.300 Organization: United Arab Emirates (UAE) Industry: Countries: United Arab Emirates Themes: Macroeconomic Environment, Ease of Doing Business, Government Policies,Government & Economy |
Abstract Case Intro 1 Case Intro 2 Excerpts
Excerpts
Changes to Attract Investments
The UAE had a population of 10 million in 2021 . Of them, 88.5% were foreigners . Some of the existing laws were expatriate unfriendly. Typically, for expatriates working in the UAE, residency was based on their employment visa. These visas needed to be renewed every three years. Foreigners were not allowed to own property in UAE. This deterred many expatriates from considering the UAE as home. In 2020, the government eased the rules slightly, and gave a 10-year visa to professionals and highly skilled individuals..
Impact
The government claimed that the new workweek was proposed considering its positive impact on the economy and wellbeing of people, and also social and family ties. Analysts said the shorter workweek would bolster business and tourism in the region. This was particularly important as the region was facing tough competition from several neighboring countries, including Saudi Arabia..
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