UAE incentives for companies investing in labour welfare
Companies with the highest rating — four or five stars — will be given priority in executing government projects, it was announced at a press conference in Dubai.
Major General Obaid Muhair Bin Surour, deputy director of the General Directorate for Residency and Foreigners Affairs in Dubai and chairman of Taqdeer Award, said that starting Thursday, 283 Dubai-registered companies in the construction sector can apply for the award, which will rank them on a scale of 1,000 points.
The points will be based on three criteria: Culture and work environment (250 points), essential fundamentals such as labour security, recruitment and wages (250 points) and labour results which will include labour perceptions (500 points).
Bin Surour said companies will be rated with stars. Those that earn 700 points will receive five stars, 550 points is four stars, 450 points is three stars, 300 points is two stars and 200 points is one star.
The top rated companies will also have a competitive advantage in bidding for international contracts. ■