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

The Global Labor Market Conference (GLMC), has actually experienced the finalizing of 31 contracts and Memoranda of Understanding (MOU) in between different entities, intending to provide thousands of training opportunities and tasks for the international labor force. This contract was signed at the 2nd edition of the GLMC 2025, introduced in Riyadh, 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 qualifying varied groups, such as new graduates, women, and people with disabilities, for appropriate work through specialised training programmes, including development, academic initiatives, management preparation, and knowledge-sharing cooperations
Data from the Organisation for Economic Cooperation and Development (OECD), around 67 million young people are currently unemployed, job and nearly 20 percent of people aged 15 to 54 are either used or engaged in education, institutions, job or training programs. Read also: Boost for entrepreneurs as IBPLC produces tasks with Hero apprenticeship effort

These stats have also shown that nearly 40 percent of employers report difficulties in filling jobs due to an inequality between labor force skills and labour market demands, with youth unemployment surpassing 30 percent in some regions internationally. Related News
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Highlighting the significance of these arrangements, Alrajhi said “These figures highlight the urgent requirement to develop thorough strategies to resolve these common challenges successfully.” “Transforming them into chances, eventually we can all collaborate to ensure the prosperity of our economies, communities, and labor forces.” The minister also noted that the contracts concentrate on improving operational performance, cultivating development, and driving value production 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 Higher Education, the Saudi Logistics Academy, the Ministry of Tourism, and Princess Nourah bint Abdulrahman University.
The GLMC’s MOU will see numerous notable cooperations emerged. INSEAD will supply academic services, while collaborations with Space Faculty and ProFun will explore innovation and understanding sharing. Bella Vista Institute and the Saudi Logistics Academy will deliver customized training programmes concentrated on leadership development and capability building. The Ministry of Tourism inked MoUs with Marriott Hotels and Arabian Airports to establish labor force certifications and training efforts. Princess Nourah University partnered with SEA Ventures to cultivate entrepreneurship advancement. A substantial development is the establishment of the Kaspersky Knowledge Transfer Centre, created to advance cybersecurity abilities among trainees and the labor force, to name a few. Share
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