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

The Global Labor Market Conference (GLMC), has seen the signing of 31 contracts and Memoranda of Understanding (MOU) in between different entities, aiming to supply thousands of training chances and jobs for the international workforce. This agreement 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, in addition to 40 labour ministers. According to the ministers, these initiatives will concentrate on qualifying varied groups, such as brand-new graduates, females, and individuals with specials needs, for ideal employment through specialised training programmes, including advancement, educational efforts, leadership preparation, and knowledge-sharing cooperations
Data from the Organisation for Economic Cooperation and Development (OECD), approximately 67 million young people are currently jobless, zeitfuer.abenstein.de and almost 20 percent of individuals aged 15 to 54 are either employed or engaged in education, institutions, or training programs. Read also: Boost for business owners as IBPLC produces jobs with Hero apprenticeship initiative

These stats have likewise shown that nearly 40 percent of companies report troubles in filling vacancies due to a mismatch in between labor force abilities and labour market needs, with youth joblessness surpassing 30 percent in some areas internationally. Related News
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Highlighting the significance of these contracts, Alrajhi said “These figures highlight the immediate requirement to develop detailed strategies to resolve these typical challenges efficiently.” “Transforming them into chances, ultimately we can all collaborate to guarantee the success of our economies, neighborhoods, and labor forces.” The minister likewise noted that the agreements concentrate on enhancing functional performance, promoting innovation, and driving worth production in alignment with Saudi Vision 2030. Key entities included in these contracts consist of the Ministry of Human Resources and Social Development (HRSD), the International Labour Organization (ILO), Takamol Holding, INSEAD, UiPath, [Redirect-302] Bella Vista Institute of Higher Education, the Saudi Logistics Academy, the Ministry of Tourism, 24-Hour Loan and Princess Nourah bint Abdulrahman University.
The GLMC’s MOU will see several notable collaborations emerged. INSEAD will supply academic services, while partnerships with Space Faculty and ProFun will explore innovation and knowledge sharing. Bella Vista Institute and pakgovtnaukri.pk the Saudi Logistics Academy will deliver tailored training programmes concentrated on leadership advancement and capability structure. The Ministry of Tourism tattooed MoUs with Marriott Hotels and Arabian Airports to establish workforce qualifications and training efforts. Princess Nourah University partnered with SEA Ventures to promote entrepreneurship advancement. A substantial development is the facility of the Kaspersky Knowledge Transfer Centre, designed to advance cybersecurity abilities amongst trainees and the labor force, to name a few. Share
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