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

The Global Labor Market Conference (GLMC), has witnessed the signing of 31 contracts and Memoranda of Understanding (MOU) between various entities, intending to supply thousands of training chances and jobs for the international workforce. This agreement was signed at the second 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, in addition to 40 labour ministers. According to the ministers, these initiatives will focus on qualifying diverse groups, such as new graduates, women, and individuals with impairments, for suitable employment through specialised training programmes, including development, employment instructional initiatives, management preparation, and knowledge-sharing cooperations
Data from the Organisation for Economic Cooperation and Development (OECD), around 67 million young individuals are currently out of work, and nearly 20 percent of individuals aged 15 to 54 are either used or taken part in education, organizations, or . Read also: Boost for business owners as IBPLC develops tasks with Hero apprenticeship initiative

These stats have likewise shown that almost 40 percent of employers report troubles in filling vacancies due to an inequality between workforce skills and labour market demands, with youth unemployment going beyond 30 percent in some regions worldwide. Related News
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Highlighting the significance of these arrangements, Alrajhi stated “These figures highlight the immediate need to establish comprehensive strategies to resolve these common difficulties effectively.” “Transforming them into opportunities, eventually we can all work together to ensure the success of our economies, neighborhoods, and labor forces.” The minister also noted that the agreements focus on boosting operational performance, fostering development, and driving worth development in alignment with Saudi Vision 2030. Key entities associated with 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 employment Princess Nourah bint Abdulrahman University.
The GLMC’s MOU will see a number of noteworthy collaborations emerged. INSEAD will supply scholastic services, while collaborations with Space Faculty and ProFun will check out innovation and understanding sharing. Bella Vista Institute and employment the Saudi Logistics Academy will deliver tailored training programmes concentrated on leadership development and capacity structure. The Ministry of Tourism inked MoUs with Marriott Hotels and Arabian Airports to establish workforce credentials and training efforts. Princess Nourah University partnered with SEA Ventures to promote entrepreneurship development. A substantial advancement is the facility of the Kaspersky Knowledge Transfer Centre, designed to advance cybersecurity abilities among students and the labor force, employment amongst others. Share
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