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

The Global Labor Market Conference (GLMC), has witnessed the signing of 31 agreements and Memoranda of Understanding (MOU) between different entities, intending to provide thousands of training opportunities and jobs for the global labor force. This arrangement was signed at the 2nd edition of the GLMC 2025, introduced in Riyadh, Saudi Arabia, by His Excellency Engineer Ahmad Bin Salman Alrajhi, the Minister of and Social Development, along with 40 labour ministers. According to the ministers, these initiatives will focus on qualifying varied groups, such as new graduates, women, and people with impairments, for ideal work through specialised training programs, including advancement, instructional efforts, management preparation, and knowledge-sharing partnerships
Data from the Organisation for Economic Cooperation and Development (OECD), roughly 67 million youths are currently out of work, and nearly 20 percent of individuals aged 15 to 54 are either used or participated in education, organizations, or training programmes. Read likewise: Boost for entrepreneurs as IBPLC develops tasks with Hero apprenticeship initiative

These stats have likewise revealed that almost 40 percent of employers report difficulties in filling jobs due to a mismatch in between labor force abilities and labour market demands, with youth joblessness exceeding 30 percent in some areas internationally. Related News
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Highlighting the significance of these contracts, Alrajhi said “These figures highlight the urgent requirement to develop detailed strategies to resolve these typical difficulties efficiently.” “Transforming them into chances, eventually we can all work together to guarantee the prosperity of our economies, communities, and labor forces.” The minister also noted that the agreements concentrate on enhancing operational efficiency, promoting development, and driving value production in positioning 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 Higher Education, 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 deliver customized training programmes focused on management advancement and capacity structure. The Ministry of Tourism inked MoUs with Marriott Hotels and Arabian Airports to develop workforce qualifications and training efforts. Princess Nourah University partnered with SEA Ventures to foster entrepreneurship development. A substantial development is the facility of the Kaspersky Knowledge Transfer Centre, developed to advance cybersecurity abilities among trainees and the labor force, amongst others. Share
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