Dubai PR Network, Online Press Release from Dubai and Middle East
 
Mall, Retail & Hospitality(Real Estate & Retail)
Filter PR by
  
Union Coop Allocates AED 15.5 Million towards Emiratization
 
Union Coop Allocates AED 15.5 Million towards Emiratization

The retail brand plans to reach a target of up to 45% in terms of Emiratization in the current year  

 

United Arab Emirates -  February 07, 2021:   Union Coop, the largest consumer cooperative in the UAE, revealed that the rate of Emiratization reached 36% during the past year of 2020, a growth rate of 3% compared to the year 2019, whereas in the year 2020 the number of UAE National employees reached 434, compared to 1,210 Expat employees in various positions that can be Emiratized.


H.E. Khalid Humaid Bin Diban Al Falasi, CEO of Union Coop said: - “Union Coop has allocated about AED 15.5 Million towards Emiratization in order to reach 40 to 45% for the current year 2021, indicating that it seeks to invest in human minds and support and enhance the participation of UAE nationals in its progress and success, and ensures the fulfilment of the job aspirations of the UAE Nationals by qualifying, training and guiding them, and creating an attractive work environment for them within Union Coop in the private sector,” says Al Falasi who stresses the need for the private sector to make every effort to raise its Emiratization rates and contribute with the concerned authorities to address and solve the challenges of Emiratization in an ultimate way.


He added: - “Union Coop considers Emiratization as a national duty that contributes to achieving the best and well-being for the society despite the economic challenges being faced by the market in general and consumer cooperatives in particular, explaining that the challenges of Emiratization are many, especially in the cooperatives sector, most notably that consumer cooperatives in the country are still operating by the old cooperatives law, which today limits its capabilities to work as a national entity that contributes to a sustainable economic building for the state, and the General Pension and Social Security Authority must review its systems and regulations and work on creating equilibrium between the public and private sector, so that private sector institutions can raise the Emiratization rates, as the regulations and systems of the Pensions Authority are one of the most important reasons for citizens' reluctance to join the private sector '.


The CEO affirmed that Union Coop still strives to reach 100% Emiratization in various positions that can be Emiratized in Union Coop, while it still has one of the highest Emiratization rates in the private sector, compared to its competitors.


Posted by : Dubai PR Network Editorial Team
Viewed 3593 times
PR Category : Real Estate & Retail
Posted on : Monday, February 8, 2021  10:12:00 AM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : Rekindle the Love With the Ultimate Romance Package From the...
Next Story : Al Adil Trading Opens 45th Branch at Jumeirah Lake Towers
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
Mouawad Renews its Partnership with SHE IS MORE Empowering Women to Create Covid-Resilient... [8544-Views]
MAKE UP FOR EVER Presents the Brand-new Matte Velvet Skin Concealer [7249-Views]
GHD's Smart Styler That Predicts Your Hair's Needs [6995-Views]
Five Fabulous Reasons to include Rosalique in your Skincare Regime [4785-Views]
Jaguar Land Rover Reimagines the Future of Modern Luxury by Design [4063-Views]
HONOR Watch ES: Effortless Design for a Sophisticated Look [3899-Views]
The New Originals" for Spring 2021 [3600-Views]
One of the World's Youngest Environmental Activists Challenges Schools to Offer Sustainabi... [3108-Views]
Delta World Charter Signs Lease Agreement with Fly2Sky for two Airbus A320 Aircrafts [2874-Views]
Airbus Space Technology Reaches Mars [2649-Views]
32 Food Outlets Closed in Dubai for Violating Covid-19 Precautionary Measures [2546-Views]
Hyundai NEXO awarded ‘Alternative Energy Car Of The Year' Award at annual GQ Car Awards 20... [2480-Views]
Al Ain Nursing Department Awarded for Outstanding Quality of Care [2480-Views]
Dubai Municipality wins Hamdan Bin Rashid Al Maktoum Award for Distinguished Academic Perf... [2415-Views]
Capture Details That Matter with HONOR 9X PRO [2292-Views]
Discover FILORGA's High Protection Suncare Solution [2239-Views]
258 Top-Flight Falcons Compete at Al Noukhba (Elite) Super Finals in Dubai [2234-Views]
Looking for a New Earphone, but Can't Make a Choice? Huawei's Array of Audio Devices Is He... [2157-Views]
The SPA at Palazzo Versace Dubai Launches Two Unique Facials in Collaboration with BABOR [2140-Views]
Dubai Islamic Bank Full Year 2020 Group Financial Results [2120-Views]
Sharjah Highlights Lucrative Opportunities for Polish Companies in a Wide Range of Emergin... [2091-Views]
Dubai Chamber Sustainability Network Members Recognised for 2020 Achievements [1968-Views]
Etihad Cargo Joins UNICEF Humanitarian Airfreight Initiative for Vaccine and Essential Med... [1935-Views]
DLD: 3,300 Transactions worth AED 6.74 Billion in January 2021 [1911-Views]
Al-Futtaim Lexus Reveals Six Finalists for Lexus Design Award 2021 [1861-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories