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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 contracts and Memoranda of Understanding (MOU) in between numerous entities, intending to offer countless training opportunities and jobs for the global labor force. This arrangement 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, together with 40 labour ministers. According to the ministers, these initiatives will focus on qualifying varied groups, such as new graduates, ladies, and people with disabilities, for ideal work through specialised training programs, consisting of advancement, educational initiatives, leadership preparation, and knowledge-sharing collaborations
Data from the Organisation for Economic Cooperation and Development (OECD), roughly 67 million young individuals are currently jobless, job and nearly 20 percent of people aged 15 to 54 are either utilized or engaged in education, organizations, or training programmes. Read likewise: Boost for entrepreneurs as IBPLC produces tasks with Hero apprenticeship initiative
These statistics have also shown that nearly 40 percent of companies report problems in filling jobs due to an inequality between workforce abilities and labour market demands, with youth unemployment exceeding 30 percent in some regions internationally. Related News
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Highlighting the significance of these contracts, Alrajhi stated “These figures highlight the immediate need to establish comprehensive strategies to address these common challenges successfully.” “Transforming them into chances, eventually we can all interact to make sure the prosperity of our economies, neighborhoods, and workforces.” The minister also kept in mind that the agreements focus on improving functional performance, cultivating development, and driving value creation in positioning with Saudi Vision 2030. Key entities included in these contracts consist of 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 collaborations emerged. INSEAD will supply scholastic services, job while partnerships with Space Faculty and ProFun will explore innovation and understanding sharing. Bella Vista Institute and the Saudi Logistics Academy will deliver tailored training programmes concentrated on leadership development and job capability building. The Ministry of Tourism inked MoUs with Marriott Hotels and Arabian Airports to develop workforce credentials and training initiatives. Princess Nourah University partnered with SEA Ventures to promote entrepreneurship advancement. A substantial advancement is the facility of the Kaspersky Knowledge Transfer Centre, developed to advance cybersecurity skills amongst students and the workforce, to name a few. Share
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