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Abu Dhabi Investment Company hiring drive puts young emiratis on global stage

21 Feb 2009

Drive to hire United Arab Emirates (UAE) nationals
Young Emirati leaders to be trained for international marketplace
Supports UAE government’s Emiratization programme.

ABU DHABI, February 22, 2009 – The Abu Dhabi Investment Company (ADIC) has launched a hiring and training drive designed to propel more Emirati nationals into leadership positions as the company grows internationally.

The move supports goals of the Abu Dhabi government set out in its “Economic Vision 2030” paper, which promotes training and education to encourage Emirati employment while keeping an open and flexible labor market.

ADIC has started a hiring spree aimed at placing talented Emirati graduates in each of its departments. Recent hires have joined the company’s strategy, risk & compliance, and infrastructure investment teams.

The company has also intensified its on-the-job training, putting heavy emphasis on career development planning and mentoring, to ensure new recruits have the best chance of progressing into senior management.

“We want to take the most promising graduates and give them the expertise and experience to operate internationally,” said ADIC Chief Executive Officer Nazem Fawwaz Al Kudsi.

“The best way to invest is for the long term,” he added. “Investing in youthful talent is crucial for the long-term growth of ADIC and of Abu Dhabi.”

ADIC has been growing its international profile. For example, the company operates an infrastructure fund joint venture with Swiss bank UBS and is a strategic partner of German private bank BHF-Bank.

As ADIC attracts more global investors, the company’s new graduate recruits will gain international exposure.

Economic Vision 2030, published late last year to outline long-term economic goals, commits Abu Dhabi to a free labor market but also seeks to promote the role of UAE nationals, particularly because a fast growing economy has spurred population growth.

“Abu Dhabi will ensure there are qualified nationals to fill job vacancies through investment in education and relevant training across all economic sectors,” the document says.