Rasd: Executive Salaries Rising in UAE
Nadim El Said’s, managing partner at Rasd, article “Top Executive Salaries in UAE over USD 1 Million –39% Hike Seen in Some Sectors” was published in Thomas Reuters Zawya. Rasd is an executive search firm for multi-national and native companies throughout the Middle East and a proud member of the AESC. Rasd understands the importance of cultural compatibility with the region and business culture.
The following is an excerpt from the article: “With the GCC’s economic growth once again on an upswing, pay packages are now seeing a return to form following the dip in 2014. As per market research, average income across the region and across different sectors has registered a 7% surge with the turn of the year. Meanwhile, top-tier executive salaries have seen a whopping 39% hike in some sectors in the GCC; CEOs in the construction sector – incidentally, the highest-paying sector for senior management executives in the region – now rake up to USD 1.2 million per annum as basic pay. UAE-based tier-one executives, ranking the third highest-paid in the region behind Saudi Arabia and Qatar, are on average paid USD 34,900 per month across sectors.”