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Global Labour Leaders Seal 31 Agreements To Boost Jobs, Training Opportunities
The Global Labor Market Conference (GLMC), somalibidders.com has witnessed the finalizing of 31 agreements and Memoranda of Understanding (MOU) between numerous entities, aiming to provide countless training chances and tasks for the international workforce. This contract was signed at the 2nd edition of the GLMC 2025, introduced in Riyadh, referall.us Saudi Arabia, by His Excellency Engineer Ahmad Bin Salman Alrajhi, the Minister of Human Resources and Social Development, along with 40 labour ministers. According to the ministers, these initiatives will concentrate on certifying varied groups, such as new graduates, women, and people with disabilities, for ideal work through specialised training programmes, including development, educational efforts, leadership preparation, and knowledge-sharing collaborations
Data from the Organisation for Economic Cooperation and Development (OECD), around 67 million young people are presently unemployed, and nearly 20 percent of people aged 15 to 54 are either employed or engaged in education, institutions, or training programs. Read also: Boost for business owners as IBPLC produces jobs with Hero apprenticeship effort
These stats have also shown that nearly 40 percent of companies report difficulties in filling jobs due to a mismatch between workforce skills and labour market demands, with youth joblessness exceeding 30 percent in some . Related News
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Highlighting the significance of these arrangements, Alrajhi said “These figures highlight the urgent requirement to establish comprehensive strategies to deal with these common obstacles successfully.” “Transforming them into chances, eventually we can all work together to guarantee the success of our economies, communities, and workforces.” The minister likewise kept in mind that the arrangements focus on improving operational performance, cultivating development, and driving value production in alignment with Saudi Vision 2030. Key entities involved in these arrangements consist of 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 Princess Nourah bint Abdulrahman University.
The GLMC’s MOU will see numerous noteworthy collaborations emerged. INSEAD will provide scholastic services, while partnerships with Space Faculty and ProFun will check out innovation and knowledge sharing. Bella Vista Institute and the Saudi Logistics Academy will provide tailored training programmes concentrated on leadership development and capability structure. The Ministry of Tourism inked MoUs with Marriott Hotels and Arabian Airports to establish workforce credentials and training efforts. Princess Nourah University partnered with SEA Ventures to cultivate entrepreneurship development. A considerable advancement is the establishment of the Kaspersky Knowledge Transfer Centre, created to advance cybersecurity abilities amongst students and the labor force, to name a few. Share
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