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 numerous entities, intending to offer thousands of training chances and jobs for the global labor force. This contract was signed at the 2nd edition of the GLMC 2025, launched 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 efforts will focus on qualifying varied groups, such as new graduates, women, and individuals with impairments, for appropriate work through specialised training programmes, consisting of advancement, instructional initiatives, management preparation, and knowledge-sharing cooperations
Data from the Organisation for Economic Cooperation and Development (OECD), approximately 67 million youths are presently jobless, and almost 20 percent of individuals aged 15 to 54 are either utilized or referall.us engaged in education, institutions, or training programmes. Read also: Boost for business owners as IBPLC develops jobs with Hero apprenticeship effort
These data have also revealed that nearly 40 percent of companies report difficulties in filling jobs due to a mismatch between labor force skills and labour market needs, with youth joblessness surpassing 30 percent in some . Related News
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Highlighting the significance of these contracts, Alrajhi stated “These figures highlight the urgent requirement to establish comprehensive strategies to address these typical challenges efficiently.” “Transforming them into opportunities, eventually we can all collaborate to guarantee the prosperity of our economies, communities, and labor forces.” The minister also noted that the agreements concentrate on improving functional performance, cultivating innovation, and driving worth creation in positioning 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 College, the Saudi Logistics Academy, the Ministry of Tourism, and Princess Nourah bint Abdulrahman University.
The GLMC’s MOU will see several notable collaborations emerged. INSEAD will offer scholastic services, while partnerships with Space Faculty and ProFun will explore innovation and knowledge sharing. Bella Vista Institute and the Saudi Logistics Academy will provide tailored training programs concentrated on leadership advancement and capacity structure. The Ministry of Tourism tattooed MoUs with Marriott Hotels and Arabian Airports to establish workforce credentials and training efforts. Princess Nourah University partnered with SEA Ventures to promote entrepreneurship advancement. A considerable development is the facility of the Kaspersky Knowledge Transfer Centre, designed to advance cybersecurity abilities among trainees and the labor force, among others. Share
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