Doha financial sector to create 5,200 new job
Doha’s financial sector will create 5,200 new jobs during 2010, driven by the strength of the Qatari economy, the latest research claims.
Global executive search firm, Kinsey Allen, forecasts the city’s financial services industry will employ 20,100 people by the end of the year.
The capital’s finance sector has grown from employing just 6,200 people in 2006 to at least 14,900 by the end of 2009.
story continues here:
http://www.arabianbusiness.com/582639-doha-financial-sector-to-create-52...
load of sh!t, the financial sector is still in a massive trough.
business activity hasn't exactly been picking up around doha for the first 3 months of this year.
... seems very odd given that they were laying off so many jordanians and others from the finance sector , not forgetting the 75 from QFC. the general predication is that is not much pick up in 2010 save for maybe the last quarter and even that is cautious. so many of the banks were not so watertight this year, notice how charges went up? .. many made investments outside qatar that would be considered unwise by others.
so the figures seem odd unless you count laying off so many people , then re-employing others for the old jobs using cheap labour , of course not forgetting the required "duplication" !
“This wave of job creation is being driven by the overall strength of the economy and the foreign money flooding into Qatar,” James Bridgman, managing director of Kinsey Allen's Middle East operations, said.
many foreign investors are holding their breath in the event of another Dubai.
I'll believe it when i see it lol
14,900FP / 100FSC = 149FP for each FSC
5,200FP / 100FSC = 52FP to be hired by FSC
Unless new Financial Service Companies will enter the market, the above data seems
too good to be true.