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Global Labour Leaders Seal 31 Agreements To Boost Jobs, Training Opportunities
The Global Labor Market Conference (GLMC), has experienced the finalizing of 31 arrangements and Memoranda of Understanding (MOU) between numerous entities, aiming 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, released in Riyadh, referall.us 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 certifying diverse groups, such as new graduates, women, and people with disabilities, for appropriate work through specialised training programs, including development, instructional efforts, leadership preparation, and knowledge-sharing partnerships
Data from the Organisation for Economic Cooperation and Development (OECD), roughly 67 million youths are presently unemployed, and almost 20 percent of people aged 15 to 54 are either utilized or engaged in education, organizations, or training programmes. Read also: Boost for entrepreneurs as IBPLC produces jobs with Hero apprenticeship effort
These data have also revealed that almost 40 percent of employers report troubles in filling jobs due to an inequality in between labor force skills and labour market demands, with youth joblessness exceeding 30 percent in some regions internationally. Related News
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Highlighting the significance of these contracts, Alrajhi said “These figures highlight the urgent need to establish extensive methods to deal with these common challenges efficiently.” “Transforming them into opportunities, ultimately we can all interact to guarantee the success of our economies, neighborhoods, and labor forces.” The minister also kept in mind that the arrangements concentrate on improving operational efficiency, cultivating innovation, and driving value production in positioning with Saudi Vision 2030. Key entities involved in 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 noteworthy cooperations emerged. INSEAD will offer academic services, while partnerships with Space Faculty and ProFun will explore development and knowledge sharing. Bella Vista Institute and the Saudi Logistics Academy will deliver tailored training programmes focused on leadership advancement and capacity structure. The Ministry of Tourism inked MoUs with Marriott Hotels and Arabian Airports to establish labor force qualifications and training initiatives. Princess Nourah University partnered with SEA Ventures to promote entrepreneurship development. A substantial development is the establishment of the Kaspersky Knowledge Transfer Centre, created to advance cybersecurity skills among trainees and the workforce, to name a few. Share
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