Do you want to know about the ten largest employers or companies in the Arab World? If yes, you are in the right place. Read Here!
Top 10 largest employers in the Arab world
The Arab World has become the most important industrial, commercial, and business location. It has some of the world’s largest employers and companies. The business-friendly policies have allowed the following employers to improve their research, development, financial, innovative products, and services and expand their operations to other countries. Here is the list of the top ten employers in the Arab World. Read on!
1. Saudi Aramco
Saudi Aramco is not only the world’s most profitable company but also the world’s most expensive. The Saudi government owns more than 98%. It is a significant source of revenue for the Saudi Arabian government. The company explores, produces, markets, and transports natural gas, crude oil, and chemicals.
2. QNB Group
QNB Group was established in 1964 as Qatar’s first commercial bank, a fifty-fifty joint venture between the Qatar Investment Authority and the general public. Since then, the bank has grown steadily and has become one of the leading banks in the Middle East, Africa, and Southeast Asia. Over the past year, the bank’s assets have increased by 10%.
Operating in more than fifty countries and employing more than 33,000 people worldwide, SABIC’s global expansion began in 2002 with the acquisition of DSM’s petrochemicals business in Europe, with manufacturing facilities in Germany, Netherlands, and the U.K.
4. Emirates NBD
Research shows that Emirates NBD is UAE’s largest bank, with a 44% increase in net income between 2019 and 2020. The bank acquired DenizBank and is pursuing a strategy to diversify its asset base and revenue streams outside the United Arab Emirates. Moreover, Emirates NBD, established in 2007, is one of the largest employers in the Middle East. The establishment happened through the Emirates Bank International and National Bank of Dubai merger.
5. First Abu Dhabi Bank
“First Abu Dhabi Bank” participates in Climate and Carbon Reporting Group to combat climate change, which works to strengthen sustainability goals, manage climate change risks, and identify new opportunities in this area. The Abu Dhabi Investment Board is the company’s largest shareholder.
Etisalat was established more than 40 years ago as the first telecommunications service provider in the United Arab Emirates. Today, the company has 150 million subscribers in more than sixteen countries in the Middle East, Africa, and Asia.
7. Saudi Telecom
Saudi Telecom is the number one telecommunications operator in the Middle East and the country’s largest in terms of subscribers. Earlier this year, Saudi Telecom played a crucial role in the success of the first virtual G20 summit. It is one of the largest employers in the Arab World, with various projects active in the MENA.
8. National Bank of Kuwait
National Bank of Kuwait has been in the business since 1952. It is the first bank in Kuwait and the first joint stock company in the Gulf region. Today, the National Bank of Kuwait has 150 branches in fifteen countries on four continents. With its merger with Boubyan Bank in 2012, the National Bank of Kuwait is the only banking group in Kuwait to offer both conventional and Islamic banking services.
9. DP World
DP World has been in the business for more than four decades. Its first project was the Port of Rashid in Dubai. Today, in addition to terminals and ports, DP World is also involved in logistics, industrial parks, maritime services, economic zones, marinas, etc. The company operates 78 marine and inland terminals in 40 countries. It has more than 56,000 employees.
10. Dubai Islamic Bank
Dubai Islamic Bank is one of the first Shariah-compliant financial institutions in the world and the first Islamic bank in the UAE. The bank operates in seven markets around the world and is expanding globally. The bank has earned a reputation for leadership and innovation in maintaining its products and services’ flexibility, quality, and affordability.
The Arab World is home to some of the world’s largest companies and employers, providing thousands of jobs to people with skills in different fields. However, these are the top ten employers in the Arab World. Until Next Time!