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

The Global Labor Market Conference (GLMC), has seen the signing of 31 contracts and Memoranda of Understanding (MOU) between different entities, intending to offer thousands of training opportunities and jobs for the worldwide labor force. This agreement was signed at the second edition of the GLMC 2025, launched in Riyadh, Saudi Arabia, by His Excellency Engineer Ahmad Bin Salman Alrajhi, the Minister of Human Resources and Social Development, along with 40 labour ministers. According to the ministers, these efforts will focus on certifying varied groups, such as new graduates, females, and individuals with disabilities, for appropriate employment through specialised training programmes, including development, instructional initiatives, management preparation, and knowledge-sharing partnerships
Data from the Organisation for Economic Cooperation and Development (OECD), approximately 67 million young people are currently jobless, and almost 20 percent of individuals aged 15 to 54 are either employed or participated in education, organizations, or training programmes. Read also: Boost for entrepreneurs as IBPLC creates jobs with Hero apprenticeship effort

These stats have actually also shown that nearly 40 percent of companies report difficulties in filling jobs due to a mismatch in between workforce abilities 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 agreements, Alrajhi stated « These figures highlight the immediate requirement to establish extensive strategies to deal with these common obstacles successfully. » « Transforming them into chances, eventually we can all collaborate to make sure the prosperity of our economies, communities, and labor forces. » The minister likewise noted that the contracts focus on improving operational effectiveness, promoting development, and driving value creation in alignment with Saudi Vision 2030. Key entities included in these contracts consist of the Ministry of and Social Development (HRSD), 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 noteworthy collaborations emerged. INSEAD will provide academic services, while collaborations with Space Faculty and ProFun will explore innovation and knowledge sharing. Bella Vista Institute and the Saudi Logistics Academy will provide tailored training programs focused on leadership advancement and capacity building. The Ministry of Tourism inked MoUs with Marriott Hotels and Arabian Airports to establish labor force credentials and training initiatives. Princess Nourah University partnered with SEA Ventures to cultivate entrepreneurship development. A significant advancement is the facility of the Kaspersky Knowledge Transfer Centre, developed to advance cybersecurity abilities among trainees and the labor force, amongst others. Share
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