Pension Fund for Expats in Dubai
Dubai Economic Department is in the early stages of researching the possibility of having a pension fund for its large expatriate population. They believe this will make Dubai a more attractive place to do business and increase investment.
If the pension fund goes ahead Dubai would be the first city in the Middle East to have a pension fund for expatriates. It is intended that it be for both the public and private sector and the amount taken off salaries would be in-line with international levels. Having a pension fund will give financial and social stability to many expatriates who work here for many years but leave with no savings.
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