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Founded Date March 31, 1962
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Global Labour Leaders Seal 31 Agreements To Boost Jobs, Training Opportunities

The Global Labor Market Conference (GLMC), has actually witnessed the signing of 31 contracts and Memoranda of Understanding (MOU) in between numerous entities, intending to offer thousands of training chances and tasks for job the international workforce. This agreement 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, in addition to 40 labour ministers. According to the ministers, these efforts will focus on qualifying varied groups, such as new graduates, women, and individuals with disabilities, for ideal work through specialised training programmes, including advancement, educational initiatives, management preparation, and knowledge-sharing partnerships
Data from the Organisation for Economic Cooperation and Development (OECD), approximately 67 million young individuals are presently out of work, and almost 20 percent of people aged 15 to 54 are either used or engaged in education, institutions, or training programs. Read also: Boost for entrepreneurs as IBPLC produces jobs with Hero apprenticeship effort

These stats have also shown that nearly 40 percent of companies report problems in filling vacancies due to an inequality between workforce skills and labour market demands, with youth unemployment going beyond 30 percent in some areas worldwide. Related News
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Highlighting the significance of these contracts, Alrajhi stated “These figures highlight the immediate need to establish thorough techniques to attend to these typical obstacles efficiently.” “Transforming them into chances, ultimately we can all work together to make sure the prosperity of our economies, communities, and labor forces.” The minister likewise noted that the agreements focus on enhancing operational efficiency, promoting innovation, and driving worth creation in positioning with Saudi Vision 2030. Key entities associated with these contracts include the Ministry of Human Resources and Social Development (HRSD), job 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 numerous notable cooperations emerged. INSEAD will provide scholastic services, while collaborations with Space Faculty and ProFun will check out innovation and understanding sharing. Bella Vista Institute and the Saudi Logistics Academy will provide tailored training programs concentrated on leadership 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 development. A substantial advancement is the facility of the Kaspersky Knowledge Transfer Centre, developed to advance cybersecurity skills amongst students and the workforce, job among others. Share
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