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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 contracts and Memoranda of Understanding (MOU) between different entities, intending to offer thousands of training chances and tasks for the international labor force. This agreement was signed at the second edition of the GLMC 2025, introduced in Riyadh, Saudi Arabia, by His Excellency Engineer Ahmad Bin Salman Alrajhi, the Minister of Human Resources and Other Loans 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 people with impairments, for ideal employment through specialised training programmes, including development, instructional efforts, leadership preparation, and knowledge-sharing partnerships
Data from the Organisation for Economic Cooperation and Development (OECD), approximately 67 million youths are currently unemployed, and almost 20 percent of individuals aged 15 to 54 are either used or taken part in education, institutions, or training programmes. Read also: Boost for entrepreneurs as IBPLC produces tasks with Hero apprenticeship effort

These statistics have likewise shown that almost 40 percent of companies report difficulties in filling vacancies due to a mismatch between labor force abilities and labour market needs, with youth unemployment surpassing 30 percent in some regions internationally. Related News
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Highlighting the significance of these arrangements, Alrajhi said “These figures highlight the urgent need to establish comprehensive techniques to attend to these typical challenges effectively.” “Transforming them into opportunities, eventually we can all work together to guarantee the success of our economies, neighborhoods, and workforces.” The minister likewise kept in mind that the arrangements concentrate on boosting functional performance, cultivating development, and driving value production in alignment with Saudi Vision 2030. Key entities included in these agreements include the Ministry of Human Resources and Social Development (HRSD), the International Labour Organization (ILO), 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 notable cooperations emerged. INSEAD will offer scholastic services, while partnerships with Space Faculty and ProFun will check out development and . Bella Vista Institute and the Saudi Logistics Academy will deliver customized training programs concentrated on leadership development and capability structure. The Ministry of Tourism inked MoUs with Marriott Hotels and findmynext.webconvoy.com Arabian Airports to establish labor force qualifications and training efforts. Princess Nourah University partnered with SEA Ventures to promote entrepreneurship development. A significant advancement is the establishment of the Kaspersky Knowledge Transfer Centre, designed to advance cybersecurity abilities among trainees and the workforce, amongst others. Share
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