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Global Labour Leaders Seal 31 Agreements To Boost Jobs, Training Opportunities

The Global Labor Market Conference (GLMC), has experienced the signing of 31 agreements and Memoranda of Understanding (MOU) in between various entities, aiming to supply countless training opportunities and tasks for the worldwide labor force. This agreement was signed at the second edition of the GLMC 2025, released in Riyadh, Saudi Arabia, by His Excellency Engineer Ahmad Bin Salman Alrajhi, the Minister of Human Resources and Social Development, in addition to 40 labour ministers. According to the ministers, these efforts will concentrate on certifying diverse groups, such as new graduates, ladies, and employment.bz people with impairments, for suitable employment through specialised training programmes, including advancement, educational efforts, management preparation, and knowledge-sharing partnerships
Data from the Organisation for Economic Cooperation and Development (OECD), around 67 million young individuals are presently out of work, and nearly 20 percent of people aged 15 to 54 are either utilized or participated in education, organizations, or training programmes. Read also: Boost for business owners as IBPLC creates jobs with Hero apprenticeship initiative

These statistics have actually also revealed that nearly 40 percent of companies report troubles in filling jobs due to an inequality in between workforce abilities and labour market needs, with youth unemployment exceeding 30 percent in some areas globally. Related News
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Highlighting the significance of these contracts, Alrajhi stated “These figures highlight the immediate need to establish detailed methods to deal with these common challenges effectively.” “Transforming them into chances, ultimately we can all collaborate to make sure the success of our economies, communities, and workforces.” The minister likewise noted that the agreements concentrate on improving operational efficiency, cultivating innovation, sports betting and driving value development in alignment with Saudi Vision 2030. Key entities included in these agreements consist of the Ministry of Human Resources and Social Development (HRSD), the International Labour Organization (ILO), Takamol Holding, INSEAD, UiPath, Bella Vista Institute of College, the Saudi Logistics Academy, the Ministry of Tourism, and Princess Nourah bint Abdulrahman University.
The GLMC’s MOU will see several noteworthy collaborations emerged. INSEAD will provide academic services, while partnerships with Space Faculty and ProFun will explore development and knowledge sharing. Bella Vista Institute and the Saudi Logistics Academy will deliver tailored concentrated on leadership advancement and capability structure. The Ministry of Tourism tattooed MoUs with Marriott Hotels and Arabian Airports to establish workforce certifications and training initiatives. Princess Nourah University partnered with SEA Ventures to promote entrepreneurship development. A substantial advancement is the establishment of the Kaspersky Knowledge Transfer Centre, developed to advance cybersecurity skills among trainees and the labor force, to name a few. Share
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