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UAE spends big to boost private sector workforce

The United Arab Emirates will spend $6.5 billion in incentives for its citizens to take work in the private sector and stop waiting for public jobs.

Dubai skyline
This picture taken on June 30, 2021 shows the Museum of the Future, currently under construction, and skyscrapers along the Sheikh Zayed Road in the Gulf emirate of Dubai. — KARIM SAHIB/AFP via Getty Images

The United Arab Emirates launched a lavish program last Sunday to encourage its citizens to work in the private sector.

The program, which will start Oct. 1, is the second of a broader plan called "Projects of the 50," being announced throughout October to boost the Gulf state’s economic development for the next 50 years.

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