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

The Global Labor employment 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 contract 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, in addition to 40 labour ministers. According to the ministers, these efforts will focus on certifying varied groups, such as new graduates, females, and people with specials needs, for suitable employment through specialised training programs, including advancement, educational efforts, management preparation, and knowledge-sharing cooperations
Data from the Organisation for Economic Cooperation and Development (OECD), roughly 67 million youths are currently jobless, and almost 20 percent of people aged 15 to 54 are either employed or taken part in education, institutions, or training programs. Read also: Boost for business owners as IBPLC produces jobs with Hero apprenticeship initiative

These statistics have likewise revealed that almost 40 percent of companies report difficulties in filling jobs due to an inequality between workforce abilities and labour market needs, with youth joblessness 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 develop extensive strategies to attend to these typical obstacles effectively.” “Transforming them into opportunities, ultimately we can all work together to guarantee the prosperity of our economies, communities, and workforces.” The minister likewise noted that the arrangements concentrate on improving functional performance, cultivating innovation, and driving value creation in positioning 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 several noteworthy collaborations emerged. INSEAD will offer academic services, while collaborations with Space Faculty and ProFun will check out innovation and knowledge sharing. Bella Vista Institute and the Saudi Logistics Academy will provide customized training programmes focused on leadership development and capability structure. The Ministry of Tourism tattooed MoUs with Marriott Hotels and Arabian Airports to develop workforce credentials and training initiatives. Princess Nourah University partnered with SEA Ventures to foster entrepreneurship advancement. A considerable advancement is the establishment of the Kaspersky Knowledge Transfer Centre, created to advance cybersecurity skills among students and the workforce, among others. Share
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