Salary Increase Report in Kuwait and the Gulf
GulfTalent have issued a 22 pages Gulf salary increase report that is rich of useful information. The report download requires small registration, but don’t worry about spam mail, I don’t receive so many emails from them. This is the only one in months. The report is long and has a section for each country, but some of the interesting graphs are posted below:
As you can see, Gulf salary increase is accelerating overall in the last year.
As I always say, construction is the future of the Gulf. Not any other sector. See the tall, huge and massive buildings and projects in Dubai and you will know. Qatar, Kuwait and others are trying to catch up as well. I was surprised though from the low salary increase in telecom though. In Kuwait that is not so true as I know.
Engineering is being paid highest of salaries, followed by HR and finance. Wonder if being in control of things have anything to do with the high payment of salary. This doesn’t apply to all ofcourse, but I have seen with my own eyes people in HR with nothing much and not even any strong degree to back up and they were getting double my salary as computer engineer.
So Kuwait and Saudi Arabia are at the bottom of salary increases this year (Zedo Al-m3ashat! 
. But don’t rush in judgment before you read the rest of the report. Other statistics in the same report show average rent increase in Oman and Qatar have reached %29, and the rent forms %35 of the salary in Qatar, so over all, their net profit is going down faster than us. If we are talking about HUGE salaries however, like 10,000 KD. Then I wouldn’t mind their living ofcourse. I still win in the end . As for the expat workforce, it forms %90 of UAE and %89 of Qatar (I don’t know if they count the people who got nationality there 
). With that percentage compared to the percentage of expats not saving, you will see that %41 of those expats in UAE are not saving. I.e., approximately %37 of UAE people are not able to save money. Still wanna live in Dubai?
I really suggest you go and get the report. Pretty much useful information to read there.
Popularity: 43% [?]
Most Popular Posts:
(2 votes, average: 3.50 out of 5)
Loading ...
Gulf Salary Increase Report 2007 said,
October 1, 2007 @ 3:29 am
[...] can see the post about Gulf Salary Increase Report 2007 on Q8Ba7th Blog. If you are into finance, or living in the Gulf, you will find the information useful to [...]
The Aggressor said,
October 1, 2007 @ 4:53 am
IMHO, i think Kuwait, and to some extent, Saudi Arabia are the only two GCC countries that are experiencing actual ‘natural’ growth in the overall GDP ratios…
Q8Ba7th said,
October 1, 2007 @ 8:07 am
The Aggressor: you’re probably right here. Dubai used to amuse me but not after being there (this cordless keyboard is killing me needs battery change). I could barely see any emirate guy, and the way the city is running is crazy fast companies may not be able to keep up that I think it could collapse. It’s good for foreigns to come for pleasure for a week or two. But put your self in a big brand company who has to pay for new shop rent every 2 months to keeps its brand in new mall. It could be an overhead that does not pay off.
I am not expert in business but thin are scary there.