The term expat is a shortened form of expatriate which refers to a person permanently or temporarily staying in a country other than his or her citizenship. The term expat is usually referred to skilled workers or professionals sent overseas by their employers. However, expatriate is also referred to retirees who have decided to live their rest of life outside their native country. In recent days, many organizations have started doing business overseas, and therefore they need to send expats abroad to join a strategic alliance or open a new venture with a foreign-based company. Mainly, nowadays multinational companies send their employees abroad on a temporary assignment for a short period of time. Organizations generally have distinct policies for employees who are on permanent transfers and on short term assignments.Employees selected for an expat position are given pre-departure training. The purpose of this training is to enhance the employees present work skills and adjust to the foreign working and living environment.Moreover, in recent days, people are becoming more enthusiastic to set up their businessin foreign countries like United Arab Emirates or UAE, Saudi Arabia and Qatar which makes the expats market more demanding in the Middle-East region during the projection period of 2017-2025.
Rising number of foreign travellers moving to Middle-East countries for an adequate job and to lead a better lifestyle, creates a huge growth opportunity for the expats market in this region. The increasing number of foreign workers such as engineers, IT specialist, doctors, knowledge workers and others in the United Arab Emirates, and Saudi Arabiacreates a positive impact on this market. Further down, expats believe that city of Dubai is among the best places to begin a business, due to its strong economies which would let them improve their standard of life and also allow them to take on new challenges. The financial hubs of Dubai and Abu Dhabi render the perfect foundations for determined entrepreneurial expats. Moreover, business conditions being at an excellent level in these cities generate a superior work-life balance for expatriates. Additionally, with respect to other expat destinations, employees are offered with more contractual benefits in the Middle-East region. Some of the major contractual benefits include medical and health allowances, airfare allowances for annual trip to home, accommodation allowances and few more. These desirable packages for expatriates makes the expat market more demanding in the Middle-East region.
On the basis of expat type, the market has been segmented as students, individual workers, corporate transferees, retired persons and others. The Middle-East expat market has moreover been segmented by country which includes United Arab Emirates, Israel, Saudi Arabia, Qatar and Rest of Middle-East.
However, factors such as lack of understanding the international language, and homesickness are some of the factors that may affect the growth of Middle-East expats market over the next eight years.
Middle-East Expats Market: By Expat Type
Middle-East Expats Market: By Country