Salary expectations in the technology sector have remained stable as predicted in January 2017. The only significant increase in salary expectations has occurred with cybersecurity professionals. Such professionals should expect a 10-12% increase in salaries in the latter of 2017. The rise in demand is correlated to the infamous Wannacry malware security breach in 2017. The infringement created a global awareness of the need for cybersecurity professionals. As a result, the event has amplified the demand for international candidates in the Middle East in order to further develop the technical knowledge and skill sets in the region.
The sector has also experienced a dramatic increase in the volume of VAT jobs, specifically VAT technology specialists. This has resulted from businesses needing to update their ERP systems in order to become compliant with VAT related requirements. Ultimately both of these developments in the sector have increased the number of IT jobs in the UAE and increased the demand for attracting international talent to the Middle East.
2017 has also seen the launch of the first FinTech hub in Dubai, located the DIFC. FinTech will act as a catalyst to access and serve the MEASA region as well as link the UAE to global innovation FinTech hubs, in New York, London and Hong Kong. Their ability to provide cutting edge and innovative financial services technology to the MEASA markets is expected to increase the volume of IT jobs in the region and attract international specialists.
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