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

The Global Labor Market Conference (GLMC), has witnessed the finalizing of 31 agreements and Memoranda of Understanding (MOU) between different entities, aiming to offer countless training chances and jobs for the international workforce. This agreement was signed at the 2nd edition of the GLMC 2025, launched 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 focus on certifying varied groups, such as brand-new graduates, ladies, and individuals with disabilities, for ideal work through specialised training programmes, employment including advancement, educational efforts, employment management preparation, employment and knowledge-sharing cooperations
Data from the Organisation for Economic Cooperation and Development (OECD), around 67 million youths are currently unemployed, and almost 20 percent of individuals aged 15 to 54 are either employed or engaged in education, organizations, or training programmes. Read likewise: Boost for entrepreneurs as IBPLC develops tasks with Hero apprenticeship initiative

These stats have also revealed that almost 40 percent of employers report problems in filling vacancies due to an inequality between labor force skills and labour market demands, with youth unemployment exceeding 30 percent in some regions internationally. Related News
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Highlighting the significance of these contracts, Alrajhi said “These figures highlight the immediate requirement to establish detailed techniques to address these common difficulties effectively.” “Transforming them into opportunities, ultimately we can all work together to make sure the prosperity of our economies, neighborhoods, and workforces.” The minister also kept in mind that the arrangements concentrate on enhancing operational effectiveness, cultivating innovation, and driving worth production in alignment with Saudi Vision 2030. Key entities associated with these agreements include the Ministry of Human Resources and Social Development (HRSD), employment 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 partnerships emerged. INSEAD will supply 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 customized training programs concentrated on management advancement and capacity building. The Ministry of Tourism inked MoUs with Marriott Hotels and Arabian Airports to establish labor force certifications and training initiatives. Princess Nourah University partnered with SEA Ventures to cultivate entrepreneurship advancement. A considerable advancement is the facility of the Kaspersky Knowledge Transfer Centre, designed to advance cybersecurity skills amongst trainees and the workforce, among others. Share
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