Podcast: Construction Week Viewpoint – How is the Gulf's job market performing?
Season Two of Construction Week Viewpoint kicks off with a review of the state of the jobs market in the Middle East
Construction Week Viewpoint kicks off its second season with a tough discussion on the state of the jobs market in countries such as the UAE and Saudi Arabia.
Marcus Taylor, managing director of recruitment firm Taylor Sterling, co-founder of BuildingMENA, the Middle East's first construction and engineering jobs website – created through a collaborative venture between Construction Week and Taylor Sterling – joins the podcast for the first episode of the new season.
"I think 2018 started off with a lot of promise, we had some very specific requirements in the market, not just in the UAE but across the Gulf, and [the jobs market has] definitely slowed down," said Taylor. "I think there are challenges in finding the right people at the right price point, but it's not all doom and gloom by any means."
Taylor is correct when he points to the mixed state of affairs in the industry. On the one hand, reports have surfaced of looming jobs cuts and a restructure at Saudi Arabian giant Saudi Binladin Group. But a raft of new building projects promise to create temporary and permanent jobs in the region.
Coupled with this, the host of visa changes introduced in the UAE is likely to benefit the jobs market, and construction, in the future.
Construction Week Viewpoint is a weekly podcast series examining the most important issues impacting the Middle East's construction sector. As the podcast's episodes span 15 minutes, they provide bite-sized facts and exclusive perspectives on the biggest business determinants for construction leaders – from dispute resolution and the decline of fatalities on site, to solar energy projects, and smart city concepts.
You can listen to a new podcast episode every Monday at noon to learn more about the biggest issues in the business. In previous episodes of the podcast, the CW team has looked at why Saudi Arabia is in a race to build more hospitals, and why saving the UAE's architectural heritage is more important that ever before. The team has also examined the reasons behind the continued development of oil and gas megaprojects amid widespread energy diversification plans.
In addition to our weekly podcast series, a behind-the-scenes video of the podcast recording can be found on Construction Week's YouTube channel.