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Global Labour Leaders Seal 31 Agreements To Boost Jobs, Training Opportunities
The Global Labor Market Conference (GLMC), has witnessed the signing of 31 arrangements and Memoranda of Understanding (MOU) between various entities, intending to supply thousands of training chances and jobs for the international workforce. 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 and Social Development, in addition to 40 labour ministers. According to the ministers, these efforts will concentrate on certifying diverse groups, such as new graduates, women, and individuals with specials needs, for ideal employment through specialised training programs, consisting of development, educational efforts, leadership preparation, and knowledge-sharing cooperations
Data from the Organisation for Economic Cooperation and Development (OECD), around 67 million young people are currently out of work, and nearly 20 percent of individuals aged 15 to 54 are either employed or engaged in education, institutions, or training programmes. Read also: Boost for entrepreneurs as IBPLC develops jobs with Hero apprenticeship initiative
These stats have also shown that almost 40 percent of employers report difficulties in filling vacancies due to an inequality between labor force skills and labour market demands, with youth unemployment going beyond 30 percent in some areas internationally. Related News
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Highlighting the significance of these contracts, Alrajhi said “These figures highlight the urgent requirement to develop detailed strategies to deal with these common difficulties successfully.” “Transforming them into chances, ultimately we can all interact to ensure the success of our economies, neighborhoods, and labor forces.” The minister likewise noted that the agreements focus on boosting functional efficiency, promoting innovation, and driving worth creation in alignment with Saudi Vision 2030. Key entities associated with 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 several noteworthy collaborations emerged. INSEAD will supply scholastic services, while collaborations with Space Faculty and ProFun will explore innovation and knowledge sharing. Bella Vista Institute and the Saudi Logistics Academy will deliver tailored training programs concentrated on management development and capacity structure. The Ministry of Tourism inked MoUs with Marriott Hotels and Arabian Airports to develop labor force qualifications and training efforts. Princess Nourah University partnered with SEA Ventures to cultivate entrepreneurship development. A substantial development is the facility of the Kaspersky Knowledge Transfer Centre, created to advance cybersecurity skills amongst trainees and the workforce, to name a few. Share
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