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its assets increased by 20.08 percent to $43.65bn.

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‘UAE committed to global sustainability, job creation’

The UAE's Minister of Human Resources and Emiratization Dr Abdulrahman Al Awar at the G20 Labour and Employment Ministers’ meeting in India.
  • About 97 percent of private sector workers in the UAE, including gig and platform economy workers, are insured under local laws, highlights a UAE minister
  • More than 70 percent of workers are registered in the Unemployment Insurance Scheme, providing temporary financial income for those who lose their jobs

NEW DELHI — The UAE is committed to playing an active role in the international efforts to shape a better future for societies and people around the world through creating job opportunities and enhancing human resources’ contribution to a sustainable development cycle, said the Gulf country’s Minister of Human Resources and Emiratization Dr. Abdulrahman Al Awar.

Al Awar was speaking at the G20 Labour and Employment Ministers’ meeting, which was held in India on 20th and 21th July 2023.

“The UAE highly values engaging with the member states of the G20, as we want to become a part of the crucial role it plays in setting the global agenda for a better future for our communities,” he said.

“As we continue to witness an ever-changing pace of development and technological advancement, regulating employment and improving human resources’ skills have become increasingly imperative to our policies. In the UAE, we have ensured gig and platform workers are granted a similar level of coverage as their co-workers in traditional sectors, by obligating employers to offer them social protections as stated in our laws and legislations.

“We have obligated employers to provide insurance that covers workers’ entitlements; currently, 97 percent of workers in the private sector of the UAE, including those that work in gig and platform economy, are insured under this scheme. More than 70 percent of workers are also registered in the Unemployment Insurance Scheme, which provides temporary financial income for a period of three months to those who lose their jobs,” he added.

Dr. Abdulrahman Al Awar

“The UAE government recognises the importance of sustainability of systems and the need for them to be adaptive and innovative.

“Our social security schemes reflect a successful public-private partnership. Equally important to the UAE is its commitment to empower women and youth and enable their effective participation and inclusion in the labour market and the sustainable development of the country.”

The Minister of Human Resources and Emiratization applauded all G20 member states for “their dedication and commitment to the objectives and vision of the forum,” affirming the UAE’s “preparedness and support in achieving these objectives to materialize a better future for societies.” The G20 is a major forum for economic cooperation and plays a strategic role in enhancing global economic growth and future prosperity, bringing together leaders of the world’s largest economies, with member countries accounting for more than 80 percent of global GDP and 75 percent of international trade. G20 member countries are home to nearly 60 percent of the world’s population.