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

The Global Labor Market Conference (GLMC), has experienced the signing of 31 arrangements and Memoranda of Understanding (MOU) in between numerous entities, intending to supply thousands of training opportunities and jobs for the global labor force. This arrangement was signed at the 2nd edition of the GLMC 2025, released 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 certifying diverse groups, referall.us such as new graduates, women, and individuals with specials needs, for ideal employment through specialised training programmes, consisting of development, educational initiatives, management preparation, and knowledge-sharing partnerships
Data from the Organisation for Economic Cooperation and Development (OECD), approximately 67 million youths are currently jobless, and nearly 20 percent of individuals aged 15 to 54 are either utilized or taken part in education, organizations, or training programs. Read also: Boost for entrepreneurs as IBPLC creates tasks with Hero apprenticeship effort

These stats have also shown that nearly 40 percent of companies report difficulties in filling jobs due to a mismatch between workforce skills 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 arrangements, Alrajhi said “These figures highlight the immediate need to establish comprehensive techniques to deal with these typical difficulties effectively.” “Transforming them into opportunities, ultimately we can all collaborate to ensure the prosperity of our economies, neighborhoods, and labor forces.” The minister also noted that the contracts concentrate on enhancing operational efficiency, cultivating innovation, and driving worth creation in alignment with Saudi Vision 2030. Key entities included in these agreements 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 partnerships emerged. INSEAD will provide academic services, while collaborations with Space Faculty and ProFun will explore innovation and understanding sharing. Bella Vista Institute and the Saudi Logistics Academy will provide customized training programmes focused on management development and capability 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 cultivate entrepreneurship advancement. A significant development is the facility of the Kaspersky Knowledge Transfer Centre, created to advance cybersecurity abilities amongst students and the workforce, amongst others. Share
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