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IT professionals may see rise in salaries in UAE, Gulf

IT professionals are on a roll with their salaries rising in the USA and the likelihood of the same scenario being witnessed elsewhere including the UAE and Gulf countries.

Highlighting the mature tech startup ecosystem being drivers for such opportunities in MENA also, Tushar Singhvi, Crescent Enterprises’ Deputy CEO and Head of Investments said regional tech-driven ventures would be paying professionals to double their salaries.

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The U.S. is presently witnessing IT professionals taking home an average of $102,000, which is more than double the across-the-board average of $48,000.

Meanwhile, digital advancements during COVID-19 has ensured rethinking of decision-making around tech apps that benefit all corporations.

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Noting that harnessing tech start-up culture’s dynamism would enable MENA countries achieve ambitious social and environmental sustainability targets, Sighvi said the region’s ability to nurture home-grown entrepreneurs and import global tech start-ups would define success in the Fourth Industrial Revolution across key sectors of the regional economy over the next five years.” (AW)

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