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

The Global Labor Market Conference (GLMC), has seen the finalizing of 31 agreements and Memoranda of Understanding (MOU) between various entities, aiming to supply thousands of training chances and tasks for the international workforce. This arrangement was signed at the 2nd edition of the GLMC 2025, launched in Riyadh, Saudi Arabia, by His Excellency Engineer Ahmad Bin Salman Alrajhi, the Minister of Human Resources and employment Social Development, in addition to 40 labour ministers. According to the ministers, these initiatives will concentrate on qualifying diverse groups, such as brand-new graduates, employment females, and people with disabilities, for ideal work through specialised training programmes, consisting of advancement, instructional efforts, leadership preparation, and knowledge-sharing collaborations
Data from the Organisation for Economic Cooperation and Development (OECD), approximately 67 million youths are currently unemployed, and almost 20 percent of individuals aged 15 to 54 are either utilized or participated in education, employment organizations, or training programmes. Read also: Boost for entrepreneurs as IBPLC develops jobs with Hero apprenticeship initiative

These stats have also shown that almost 40 percent of employers report problems in filling jobs due to a mismatch in between workforce skills and labour market needs, with youth unemployment surpassing 30 percent in some regions internationally. Related News
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Highlighting the significance of these arrangements, Alrajhi stated “These figures highlight the immediate requirement to establish comprehensive strategies to deal with these typical obstacles successfully.” “Transforming them into opportunities, eventually we can all collaborate to ensure the success of our economies, communities, and workforces.” The minister also kept in mind that the contracts concentrate on boosting operational performance, promoting development, and driving value development in alignment with Saudi Vision 2030. Key entities included in these contracts consist of the Ministry of Human Resources and Social Development (HRSD), the International Labour Organization (ILO), Takamol Holding, employment INSEAD, UiPath, Bella Vista Institute of Higher Education, the Saudi Logistics Academy, employment the Ministry of Tourism, and Princess Nourah bint Abdulrahman University.
The GLMC’s MOU will see a number of noteworthy collaborations emerged. INSEAD will supply scholastic services, while collaborations with Space Faculty and ProFun will explore innovation and knowledge sharing. Bella Vista Institute and the Saudi Logistics Academy will deliver tailored focused on leadership development and capability building. The Ministry of Tourism inked MoUs with Marriott Hotels and Arabian Airports to establish workforce certifications and training initiatives. Princess Nourah University partnered with SEA Ventures to promote entrepreneurship development. A considerable development is the establishment of the Kaspersky Knowledge Transfer Centre, designed to advance cybersecurity skills among students and the workforce, to name a few. Share
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