UAE created 248,000 jobs in pandemic year, tweets Sheikh Mohammed
22 May 2021
Sheikh Mohammed Bin Rashid Al Maktoum.
Gulf Today, Staff Reporter
His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has affirmed that crisis management creates opportunities and that management crises destroy gains.
He revealed that the UAE economy managed to create 248,000 jobs during the COVID-19 pandemic including 100,000 jobs in the retail and e-commerce sectors and 148,000 jobs in the financial, technology and communications sectors.
Sheikh Mohammed tweeted: “The world economy shrank by 4 per cent, international trade declined by 20 per cent and the world lost millions of jobs in 2020. In the same year, the UAE economy created 100,000 jobs in the retail and e-commerce sectors and 148,000 jobs in the financial, technology and telecommunications sectors. We repeat: Crisis management creates opportunities, management crises destroy gains.”