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  • Founded Date October 29, 1916
  • Sectors Telecommunications
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Global Labour Leaders Seal 31 Agreements To Boost Jobs, Training Opportunities

The Global Labor Market Conference (GLMC), has experienced the finalizing of 31 agreements and Memoranda of Understanding (MOU) in between various entities, intending to offer thousands of training opportunities and jobs for the global labor force. This agreement was signed at the second 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 concentrate on certifying varied groups, such as brand-new graduates, women, and individuals with impairments, for appropriate employment through specialised training programmes, including development, academic efforts, management preparation, employment and knowledge-sharing partnerships
Data from the Organisation for Economic Cooperation and Development (OECD), around 67 million young people are presently out of work, and nearly 20 percent of individuals aged 15 to 54 are either employed or participated in education, institutions, or training programmes. Read likewise: Boost for entrepreneurs as IBPLC develops tasks with Hero apprenticeship initiative

These data have actually likewise revealed that nearly 40 percent of employers report problems in filling vacancies due to a mismatch between 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 arrangements, Alrajhi said “These figures highlight the immediate requirement to develop detailed methods to resolve these common obstacles successfully.” “Transforming them into opportunities, eventually we can all collaborate to guarantee the prosperity of our economies, neighborhoods, and workforces.” The minister also noted that the contracts focus on enhancing functional effectiveness, fostering development, and driving value creation in alignment with Saudi Vision 2030. Key entities associated with 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 numerous noteworthy collaborations emerged. INSEAD will supply academic services, while partnerships with Space Faculty and ProFun will explore development and understanding sharing. Bella Vista Institute and the Saudi Logistics Academy will provide customized training programs focused on management development and capacity building. The Ministry of Tourism tattooed MoUs with Marriott Hotels and Arabian Airports to develop labor employment force qualifications and training efforts. Princess Nourah University partnered with SEA Ventures to cultivate entrepreneurship advancement. A significant advancement is the establishment of the Kaspersky Knowledge Transfer Centre, designed to advance cybersecurity skills among trainees and the workforce, to name a few. Share
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