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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 contracts and Memoranda of Understanding (MOU) in between different entities, intending to supply thousands of training opportunities and jobs for the international workforce. 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 initiatives will concentrate on certifying varied groups, such as new graduates, women, and individuals with impairments, for suitable employment through specialised training programmes, including advancement, academic efforts, management preparation, and knowledge-sharing collaborations
Data from the Organisation for Economic Cooperation and Development (OECD), approximately 67 million young people are presently unemployed, and almost 20 percent of individuals aged 15 to 54 are either utilized or taken part in education, institutions, or training programmes. Read also: Boost for business owners as IBPLC creates jobs with Hero apprenticeship effort

These data have actually also shown that almost 40 percent of employers report difficulties in filling vacancies due to an inequality between workforce skills and labour market needs, with youth unemployment going beyond 30 percent in some areas worldwide. Related News
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Highlighting the significance of these arrangements, Alrajhi said “These figures highlight the immediate need to develop comprehensive strategies to attend to these common challenges efficiently.” “Transforming them into chances, ultimately we can all collaborate to ensure the prosperity of our economies, communities, and workforces.” The minister also kept in mind that the contracts concentrate on boosting functional performance, fostering development, and driving value production in positioning with Saudi Vision 2030. Key entities involved in these arrangements include 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 offer scholastic services, while with Space Faculty and ProFun will explore innovation and understanding sharing. Bella Vista Institute and the Saudi Logistics Academy will provide tailored training programs concentrated on management advancement and capability building. The Ministry of Tourism tattooed MoUs with Marriott Hotels and Arabian Airports to establish labor force certifications and training efforts. Princess Nourah University partnered with SEA Ventures to promote entrepreneurship advancement. A significant development is the establishment of the Kaspersky Knowledge Transfer Centre, developed to advance cybersecurity skills amongst students and the labor force, to name a few. Share
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