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

The Global Labor Market Conference (GLMC), has witnessed the signing of 31 contracts and Memoranda of Understanding (MOU) between numerous entities, aiming to offer thousands of training opportunities and tasks for the global labor force. This contract was signed at the 2nd edition of the GLMC 2025, released in Riyadh, Saudi Arabia, by His Excellency Engineer Ahmad Bin Salman Alrajhi, employment the Minister of Human Resources and Social Development, together with 40 labour ministers. According to the ministers, these initiatives will concentrate on qualifying diverse groups, employment such as brand-new graduates, women, and individuals with specials needs, for appropriate work through specialised training programs, consisting of advancement, educational initiatives, management preparation, and knowledge-sharing collaborations
Data from the Organisation for Economic Cooperation and Development (OECD), employment around 67 million young people are presently unemployed, and nearly 20 percent of individuals aged 15 to 54 are either used or engaged in education, institutions, or training programs. Read also: Boost for business owners as IBPLC creates jobs with Hero apprenticeship effort

These data have also revealed that nearly 40 percent of companies report troubles in filling jobs due to an inequality between labor force abilities and labour market needs, with youth unemployment exceeding 30 percent in some areas globally. Related News
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Highlighting the significance of these agreements, Alrajhi stated "These figures highlight the urgent requirement to establish extensive techniques to address these common obstacles effectively." "Transforming them into opportunities, ultimately we can all interact to guarantee the success of our economies, communities, and workforces." The minister also kept in mind that the agreements focus on boosting functional efficiency, fostering innovation, and driving worth creation in alignment with Saudi Vision 2030. Key entities involved in these agreements 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 numerous noteworthy cooperations . INSEAD will supply academic services, while collaborations with Space Faculty and ProFun will check out innovation and knowledge sharing. Bella Vista Institute and the Saudi Logistics Academy will provide tailored training programs focused on leadership development and capacity building. The Ministry of Tourism inked MoUs with Marriott Hotels and Arabian Airports to establish labor force certifications and training initiatives. Princess Nourah University partnered with SEA Ventures to foster entrepreneurship development. A considerable development is the facility of the Kaspersky Knowledge Transfer Centre, developed to advance cybersecurity skills among trainees and the workforce, amongst others. Share
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