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

The Global Labor Market Conference (GLMC), has actually seen the finalizing of 31 agreements and Memoranda of Understanding (MOU) between different entities, aiming to offer thousands of training opportunities and jobs for the international workforce. This arrangement was signed at the 2nd edition of the GLMC 2025, 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 efforts will concentrate on qualifying varied groups, such as new graduates, women, and people with specials needs, for employment ideal employment through specialised training programs, including advancement, educational initiatives, management preparation, and knowledge-sharing partnerships
Data from the Organisation for Economic Cooperation and Development (OECD), approximately 67 million youths are currently out of work, and almost 20 percent of people aged 15 to 54 are either employed or taken part in education, organizations, or employment training programmes. Read also: Boost for entrepreneurs as IBPLC produces tasks with Hero apprenticeship effort

These statistics have also revealed that nearly 40 percent of companies report problems in filling jobs due to an inequality in between workforce skills and labour market demands, with youth unemployment going beyond 30 percent in some regions internationally. Related News
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Highlighting the significance of these agreements, Alrajhi said “These figures highlight the urgent need to establish thorough strategies to address these common difficulties efficiently.” “Transforming them into opportunities, eventually we can all interact to ensure the prosperity of our economies, communities, and workforces.” The minister also kept in mind that the agreements focus on improving functional efficiency, fostering development, and driving value development in alignment with Saudi Vision 2030. Key entities associated with these agreements consist of the Ministry of Human Resources and Social Development (HRSD), the International Labour Organization (ILO), employment 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 a number of noteworthy partnerships emerged. INSEAD will offer academic services, while collaborations with Space Faculty and ProFun will explore development and knowledge sharing. Bella Vista Institute and the Saudi Logistics Academy will deliver customized training programmes focused on management advancement and capability structure. The Ministry of Tourism inked MoUs with Marriott Hotels and employment Arabian Airports to establish labor force credentials and training efforts. Princess Nourah University partnered with SEA Ventures to foster entrepreneurship development. A considerable development is the facility of the Kaspersky Knowledge Transfer Centre, developed to advance cybersecurity abilities among trainees and the labor force, among others. Share
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