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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) between various entities, intending to supply thousands of training opportunities and jobs for the global labor force. This arrangement 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, along with 40 labour ministers. According to the ministers, these initiatives will concentrate on certifying diverse groups, such as new graduates, females, and people with impairments, for ideal work through specialised training programs, including advancement, educational initiatives, management preparation, and knowledge-sharing partnerships
Data from the Organisation for Economic Cooperation and Development (OECD), around 67 million youths are presently unemployed, and nearly 20 percent of people aged 15 to 54 are either employed or referall.us engaged in education, institutions, or training programs. Read also: Boost for business owners as IBPLC produces tasks with Hero apprenticeship effort

These data have likewise revealed that nearly 40 percent of employers report problems in filling vacancies due to a mismatch in between labor force abilities and labour market demands, with youth joblessness going beyond 30 percent in some areas globally. Related News
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Highlighting the significance of these contracts, Alrajhi stated “These figures highlight the urgent requirement to establish extensive methods to resolve these typical difficulties effectively.” “Transforming them into opportunities, ultimately we can all interact to make sure the prosperity of our economies, communities, and workforces.” The minister also noted that the arrangements concentrate on boosting functional performance, promoting innovation, and driving worth production in alignment with Saudi Vision 2030. Key entities associated with 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 numerous notable cooperations emerged. INSEAD will supply academic services, while partnerships with Space Faculty and ProFun will check out and knowledge sharing. Bella Vista Institute and the Saudi Logistics Academy will provide customized training programmes focused on leadership development and capacity structure. The Ministry of Tourism inked MoUs with Marriott Hotels and Arabian Airports to develop labor force credentials and training efforts. Princess Nourah University partnered with SEA Ventures to promote entrepreneurship development. A significant development is the establishment of the Kaspersky Knowledge Transfer Centre, developed to advance cybersecurity abilities among trainees and the workforce, to name a few. Share
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