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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 arrangements and Memoranda of Understanding (MOU) in between different entities, aiming to provide thousands of training chances and jobs for the international workforce. This agreement 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 initiatives will concentrate on qualifying diverse groups, such as new graduates, women, and individuals with disabilities, for ideal work through specialised training programs, referall.us consisting of development, academic efforts, management preparation, and knowledge-sharing collaborations
Data from the Organisation for Economic Cooperation and Development (OECD), roughly 67 million young people are presently unemployed, and almost 20 percent of people aged 15 to 54 are either utilized or participated in education, organizations, or training programs. Read also: Boost for business owners as IBPLC produces tasks with Hero apprenticeship initiative
These data have also shown that nearly 40 percent of employers report difficulties in filling jobs due to a mismatch between labor force abilities and labour market needs, with youth joblessness going beyond 30 percent in some areas internationally. Related News
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Highlighting the significance of these contracts, Alrajhi stated „These figures highlight the urgent requirement to develop extensive techniques to resolve these typical challenges effectively.“ „Transforming them into chances, ultimately we can all collaborate to make sure the success of our economies, communities, and labor forces.“ The minister also noted that the agreements concentrate on enhancing functional efficiency, promoting innovation, and driving value creation in positioning with Saudi Vision 2030. Key entities involved in these arrangements consist of 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 cooperations emerged. INSEAD will supply academic services, while partnerships with Space Faculty and ProFun will explore innovation and knowledge sharing. Bella Vista Institute and the Saudi Logistics Academy will deliver tailored training on management development and capacity building. 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 promote entrepreneurship advancement. A substantial development is the facility of the Kaspersky Knowledge Transfer Centre, created to advance cybersecurity skills amongst trainees and the workforce, amongst others. Share
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