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

The Global Labor Market Conference (GLMC), has seen the signing of 31 agreements and Memoranda of Understanding (MOU) in between different entities, aiming to offer countless training opportunities and tasks for the international workforce. 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, in addition to 40 labour ministers. According to the ministers, these efforts will concentrate on qualifying varied groups, such as new graduates, women, and people with specials needs, for appropriate work through specialised training programmes, including advancement, instructional initiatives, leadership preparation, and knowledge-sharing cooperations
Data from the Organisation for Economic Cooperation and Development (OECD), around 67 million youths are currently out of work, and nearly 20 percent of individuals aged 15 to 54 are either used or engaged in education, institutions, or training programmes. Read also: Boost for entrepreneurs as IBPLC develops tasks with Hero apprenticeship effort

These statistics have likewise revealed that nearly 40 percent of companies report troubles in filling jobs due to a mismatch between workforce abilities and labour market demands, with youth joblessness going beyond 30 percent in some regions globally. Related News
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Highlighting the significance of these contracts, Alrajhi stated “These figures highlight the immediate need to establish comprehensive techniques to deal with these common difficulties efficiently.” “Transforming them into opportunities, ultimately we can all interact to guarantee the prosperity of our economies, communities, and labor forces.” The minister also kept in mind that the agreements concentrate on improving functional performance, fostering innovation, and driving worth creation 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 Higher Education, the Saudi Logistics Academy, the Ministry of Tourism, and Princess Nourah bint Abdulrahman University.
The GLMC’s MOU will see a number of noteworthy partnerships emerged. INSEAD will supply academic services, while collaborations with Space Faculty and ProFun will check out development and understanding sharing. Bella Vista Institute and the Saudi Logistics Academy will deliver customized training programmes focused on management development and capacity building. The Ministry of Tourism inked MoUs with Marriott Hotels and Arabian Airports to develop workforce qualifications and training initiatives. Princess Nourah University partnered with SEA Ventures to foster entrepreneurship advancement. A substantial development is the establishment of the Kaspersky Knowledge Transfer Centre, developed to advance cybersecurity skills amongst students and the labor force, to name a few. Share
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