Emiratization is a strategic initiative by the UAE government aimed at increasing the employment of UAE nationals in the private sector, particularly in pivotal industries like banking. Historically, the Central Bank of the UAE (CBUAE) mandated that banks achieve a 4% annual increase in Emirati representation within their workforce. However, recent developments have set more ambitious goals. As of 2023, the CBUAE announced plans to raise Emiratization in the banking sector to 45% by the end of 2026. This means that by 2026, nearly half of all banking sector employees should be UAE nationals. These targets underscore the nation’s commitment to integrating its citizens into key economic sectors, ensuring sustainable development and reducing reliance on expatriate labor.
Born2Localize specializes in helping banks and financial institutions align with national Emiratization targets. Our team develops end-to-end Emirati hiring and training strategies tailored to your institution’s compliance needs. Under the leadership of Miss Fatima Alloghani, a UAE national with deep roots in workforce localization, Born2Localize brings a visionary approach to sustainable Emiratization outcomes for the banking sector.