I'd tend to agree with Malirm the EY scheme gives you a GCAA licence (which is only JAA Compliant) but it also gives you a JOB here.
A GCAA licence without that job offer is not necessarily going to do you much good as airline hour requirements here in the GCC (the only place you can fly with your licence) are quite high and as a self sponsored low houred cadet you are unlikely to find work with that licence.
Also converting your GCAA licence to work outside the GCC whilst it is still frozen will likely be expensive. And getting the hours to unfreeze your ATPL nigh on impossible without a job.
The EY scheme itself is great - but I am not sure that TRAINING here alone is a great idea unless one of the schools is teaching an approved FAA/JAA course which you can use elsewhere.
JAA courses in the EU are expensive but looking at the UAE academies some are actually cheaper!
anyway this is a lot of thread drift really!