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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 arrangements and Memoranda of Understanding (MOU) between different entities, aiming to offer thousands of training chances and tasks for the worldwide workforce. 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, 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, such as new graduates, females, and individuals with disabilities, for suitable work through specialised training programmes, referall.us consisting of development, educational initiatives, leadership preparation, and knowledge-sharing collaborations
Data from the Organisation for Economic Cooperation and (OECD), around 67 million young people are currently unemployed, and nearly 20 percent of individuals aged 15 to 54 are either employed or taken part in education, organizations, or training programs. Read also: Boost for entrepreneurs as IBPLC develops tasks with Hero apprenticeship effort

These data have also shown that nearly 40 percent of companies report troubles in filling jobs due to a mismatch in between labor force skills and labour market demands, with youth unemployment going beyond 30 percent in some areas globally. Related News
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Highlighting the significance of these contracts, Alrajhi said “These figures highlight the urgent requirement to establish comprehensive strategies to attend to these typical challenges effectively.” “Transforming them into chances, eventually we can all work together to make sure the prosperity of our economies, neighborhoods, and workforces.” The minister also kept in mind that the arrangements concentrate on improving operational efficiency, cultivating development, and driving worth creation in alignment with Saudi Vision 2030. Key entities associated with these contracts 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 collaborations emerged. INSEAD will offer academic services, while partnerships with Space Faculty and ProFun will explore development and understanding sharing. Bella Vista Institute and the Saudi Logistics Academy will deliver tailored training programs focused on management advancement and capability building. The Ministry of Tourism tattooed MoUs with Marriott Hotels and Arabian Airports to develop workforce qualifications and training initiatives. Princess Nourah University partnered with SEA Ventures to promote entrepreneurship advancement. A considerable development is the establishment of the Kaspersky Knowledge Transfer Centre, developed to advance cybersecurity abilities amongst trainees and the workforce, amongst others. Share
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