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In a world where new technologies and market trends emerge daily, the pace of business can feel overwhelming. As a leader navigating the dynamic landscape of the Middle East and Africa, I often find myself contemplating what truly contributes to achieving lasting success. Talent and agility are undoubtedly two core factors that are critical in helping companies today up the ante.
According to a recent World Economic Forum report, a staggering 65 per cent of companies in the MEA region identify the skills gap as a major barrier to growth. Clearly, the gig economy is transforming the game.
The global gig economy – or labour market characterised by flexible, temporary, or freelance jobs rather than permanent positions, where workers are hired for individual “gigs” or tasks, is now valued at $582bn, of which the MEA region accounts for $30bn, growing at an annual rate of around 14 per cent.
This phenomenal growth is no doubt, powered by the expansion of technology platforms, increasing freelancer participation, and changing work preferences worldwide.
In addition, this region is the fastest growing one anywhere for the gig economy, largely attributed to its primarily young demographic, high internet/ mobile penetration, and national initiatives like Saudi Vision 2030 and UAE Centennial 2071. Over 29 million participants contributed to the gig economy in 2023, with the UAE and Saudi Arabia standing out for their adoption of digital platforms and policy reform.
Freelance talent
HR professionals are realising that while traditional hiring models continue to remain relevant, they cannot be the only approach. Agility is an imperative that cannot be underestimated. This is why at Schneider Electric, we’ve integrated a global freelancing programme that feeds into our people strategy as a flexible solution.
With more professionals choosing freedom, flexibility, and variety that freelance work promises, a huge opportunity now exists for traditional employers to adopt digital platforms such as Upwork, Freelancer, Nabbesh, and Malt to connect with rising and senior talent, to fill critical gaps in areas such as consulting that require deep technical expertise. What’s more, regional fintech players, have improved access to opportunities and payments, especially for unbanked populations in Northwest Africa and Egypt.
In addition to bringing fresh perspectives and new energy, freelance employees contribute to shaping growth-minded strategies and solutions that we might not have considered otherwise, helping us adopt an “outside-in” mindset and embrace disruption.
Looking ahead, supporting the gig economy is not simply a matter of finding short-term help; it’s about fundamentally reshaping our talent strategy. The freelance economy isn’t a temporary trend or quick fix. It’s the future of work. And by embracing it, we’re not just closing the skills gap; we’re building a resilient, dynamic, and future-ready workforce for the Middle East and Africa region.
Expansion of the MEA gig economy
The MEA gig economy today is diversifying beyond delivery and ride-hailing, expanding into areas like IT, media, marketing, risk and consulting, and the creative industries. Specialised skills in AI, blockchain, and cybersecurity, for instance, often attract higher rates and platform demand.
Companies today have a responsibility to streamline processes and put in place effective data protection measures to ensure the security of the freelancers who bring immense value to our workplaces and immeasurably improve the creative and knowledge economy.
The writing is on the wall: the most successful organisations of the future, won’t be defined by a fixed team confined to a single office, but rather, will encompass a fluid, interconnected network of talent, ready to adapt to any challenge. The question is, perhaps, not when companies adopt this free-flowing recruitment structure but how efficiently they will do so.
