Iberia, Switzerland and Asia are emerging hubs for expats seeking to relocate from the Middle East due to the current conflict engulfing the region.<\/p>\n
This is according to Mads Weddell-Wedellsborg, lecturer in international business and strategy at Henley Business School, who kicked off Health & Protection\u2019s Global Mobility and Health Summit.<\/p>\n
Weddell-Wedellsborg quoted stats showing one in eight British expats were seeking to leave or had already left as a result of the conflict.<\/p>\n
\u201cIf we take just the UAE, some of them moved back to the UK, but actually the vast majority didn\u2019t because the UK right now has a lot of struggles with job prospects,\u201d Weddell-Wedellsborg told delegates.<\/p>\n
\u201cThe local elections last week also showed the challenges for the UK at present.\u201d<\/p>\n
However other locations were proving popular for those not tied to the UK.<\/p>\n
While Switzerland is attracting talent due to offering some of the benefits expats from the UAE enjoy, Weddell-Wedellsborg added that Portugal and Spain are also emerging as expat hubs.<\/p>\n
\u201cWhat is interesting is that they offer some of the same benefits,\u201d Weddell-Wedellsborg continued.<\/p>\n
\u201cPortugal might have a high-tax rate. If you talk to Portuguese individuals, they have a lot of outward movement.<\/p>\n
\u201cA lot of their young people go abroad to study and for opportunities, yet somehow they are good at attracting talent \u2013 particularly digital nomads because they have made it easier to get access than a lot of European countries. They also have quite pleasant weather. They have good food.\u201d<\/p>\n
Though Asia is also attracting these individuals, Weddell-Wedellsborg added: \u201cWe\u2019ve seen quite a lot of mobility also pushing towards Asia.\u201d<\/p>\n
\u201cI was talking to a recruiter from Vietnam and what they are trying to do now, is offering similar deals to what the UAE did maybe 25 years ago, particularly if you try and attract university professors, they are offering a lot of new benefits.<\/p>\n
\u201cThey are looking at a lot of key industries where they can attract talent and can hopefully grow as a consequence.\u201d<\/p>\n
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