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

The Global Labor Market Conference (GLMC), has actually witnessed the signing of 31 contracts and Memoranda of (MOU) between various entities, intending to supply thousands of training chances and tasks for the international labor force. This contract 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, together with 40 labour ministers. According to the ministers, these efforts will concentrate on certifying varied groups, such as new graduates, females, and people with disabilities, for suitable work through specialised training programs, including development, instructional efforts, leadership preparation, and knowledge-sharing collaborations
Data from the Organisation for Economic Cooperation and Development (OECD), around 67 million young individuals are presently out of work, and almost 20 percent of individuals aged 15 to 54 are either used or participated in education, institutions, or training programmes. Read likewise: Boost for entrepreneurs as IBPLC produces jobs with Hero apprenticeship effort

These data have also shown that nearly 40 percent of companies report difficulties in filling vacancies due to a mismatch between workforce abilities and labour market demands, with youth joblessness exceeding 30 percent in some regions internationally. Related News
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Highlighting the significance of these agreements, Alrajhi said “These figures highlight the immediate need to develop thorough methods to attend to these typical challenges effectively.” “Transforming them into opportunities, eventually we can all collaborate to make sure the prosperity of our economies, neighborhoods, and labor forces.” The minister also noted that the contracts concentrate on improving operational effectiveness, promoting innovation, and driving value creation in alignment with Saudi Vision 2030. Key entities included in these contracts include the Ministry of Human Resources and Social Development (HRSD), the International Labour Organization (ILO), Takamol Holding, INSEAD, UiPath, Bella Vista Institute of Higher Education, the Saudi Logistics Academy, the Ministry of Tourism, and referall.us Princess Nourah bint Abdulrahman University.
The GLMC’s MOU will see several noteworthy partnerships emerged. INSEAD will supply academic services, while collaborations with Space Faculty and ProFun will check out development and knowledge sharing. Bella Vista Institute and the Saudi Logistics Academy will deliver customized training programmes focused on leadership advancement and capability building. The Ministry of Tourism tattooed MoUs with Marriott Hotels and Arabian Airports to establish labor force credentials and training initiatives. Princess Nourah University partnered with SEA Ventures to cultivate entrepreneurship development. A considerable development is the establishment of the Kaspersky Knowledge Transfer Centre, designed to advance cybersecurity abilities amongst trainees and the workforce, to name a few. Share
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