UAE: Pay rates set to rise significantly next year

According to a survey report just published by Willis Towers Watson, Wages and Salaries are expected to grow in the United Arab Emirates by 4.7% next year. This is close to FedEE’s own projection for 2016 based on a real GDP growth rate of 2%. However, the Chairman of Abu Dhabi’s Department of Economic Development Ali Majed al-Mansoori has just forecast that GDP will rise to 5% next year. This further underlines the possibility that average pay increases will be in excess of 6.5% in 2017. According to the World Bank’s latest economic outlook the rate of average annual price inflation is expected to rise in the UAE from 3.1% this year to 3.4% in 2017.

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