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

The Global Labor Market Conference (GLMC), has seen the finalizing of 31 agreements and Memoranda of Understanding (MOU) in between various entities, intending to supply thousands of training opportunities and jobs for the worldwide labor force. This agreement was signed at the 2nd edition of the GLMC 2025, released 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 initiatives will concentrate on qualifying varied groups, such as new graduates, females, and individuals with impairments, for appropriate work through specialised training programmes, consisting of development, instructional initiatives, leadership preparation, and knowledge-sharing partnerships
Data from the Organisation for Economic Cooperation and Development (OECD), roughly 67 million young people are currently out of work, and almost 20 percent of people aged 15 to 54 are either utilized or taken part in education, organizations, or training programs. Read likewise: Boost for entrepreneurs as IBPLC produces jobs with Hero apprenticeship initiative

These statistics have actually also shown that nearly 40 percent of companies report problems in filling jobs due to a mismatch in between labor force skills and referall.us labour market needs, with youth unemployment going beyond 30 percent in some regions worldwide. Related News
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Highlighting the significance of these agreements, Alrajhi stated “These figures highlight the immediate need to establish detailed techniques to deal with these typical difficulties efficiently.” “Transforming them into opportunities, ultimately we can all collaborate to guarantee the prosperity of our economies, communities, and labor forces.” The minister likewise noted that the agreements focus on boosting functional efficiency, cultivating development, and driving worth production in positioning with Saudi Vision 2030. Key entities included in these arrangements include 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 notable partnerships emerged. INSEAD will provide academic services, while collaborations with Space Faculty and ProFun will explore development and knowledge sharing. Bella Vista Institute and the Academy will deliver tailored training programmes focused on management development and capacity building. The Ministry of Tourism tattooed MoUs with Marriott Hotels and Arabian Airports to establish workforce qualifications and training initiatives. Princess Nourah University partnered with SEA Ventures to cultivate entrepreneurship development. A significant advancement is the establishment of the Kaspersky Knowledge Transfer Centre, designed to advance cybersecurity skills amongst students and the labor force, amongst others. Share
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