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

The Global Labor Market Conference (GLMC), has actually witnessed the signing of 31 contracts and Memoranda of Understanding (MOU) between various entities, aiming to supply countless training opportunities and jobs for the international labor force. This contract was signed at the second edition of the GLMC 2025, introduced 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 efforts will concentrate on qualifying diverse groups, such as brand-new graduates, ladies, and people with impairments, for ideal work through specialised training programs, including advancement, educational initiatives, management preparation, and knowledge-sharing collaborations
Data from the Organisation for Economic Cooperation and Development (OECD), approximately 67 million young people are currently unemployed, and nearly 20 percent of people aged 15 to 54 are either used or taken part in education, institutions, or training programs. Read likewise: Boost for entrepreneurs as IBPLC develops tasks with Hero apprenticeship initiative

These statistics have also revealed that almost 40 percent of companies report troubles in filling jobs due to an inequality in between labor force skills and labour market demands, with youth unemployment exceeding 30 percent in some areas globally. Related News
Canadian province includes 13,000 kid care spaces, to increase to 28,000 by 2026, therefore creating tasks

British Airways flight reverses as harmful fumes make travelers and crew sick

Customers’ USSD access undamaged as banks settle USSD financial obligation

Highlighting the significance of these contracts, Alrajhi stated “These figures highlight the immediate requirement to develop detailed strategies to resolve these common difficulties efficiently.” “Transforming them into opportunities, ultimately we can all collaborate to ensure the success of our economies, neighborhoods, and labor forces.” The minister likewise noted that the contracts focus on improving functional performance, promoting development, and driving value production in alignment with Saudi Vision 2030. Key entities associated with these arrangements consist of the Ministry of Human Resources and Social Development (HRSD), the International Labour Organization (ILO), Takamol Holding, referall.us 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 notable collaborations emerged. INSEAD will offer scholastic services, while collaborations with Space Faculty and ProFun will check out development and understanding sharing. Bella Vista Institute and the Saudi Logistics Academy will provide tailored training programmes concentrated on leadership development and capacity structure. The Ministry of Tourism inked MoUs with Marriott Hotels and Arabian Airports to establish workforce credentials and training efforts. Princess Nourah University partnered with SEA Ventures to promote entrepreneurship development. A considerable development is the facility of the Kaspersky Knowledge Transfer Centre, created to advance cybersecurity abilities amongst and the workforce, to name a few. Share
Join BusinessDay whatsapp Channel, to keep up to date

Top 10 African nations that escaped low-income status because 2000

Five African cities offer most budget-friendly lease in 2025

Business Day, developed in 2001, is a daily organization newspaper based in Lagos. It is the only Nigerian paper with a bureau in Accra, Ghana. It has both everyday and Sunday titles. It flows in Nigeria and Ghana

Learn more …

For Digital Adverts: [email secured] Call Us:08033225506, 08026011296, 07013338794
WhatsApp Us: 08068545123
Advert And Rates
Copyright

BDFX.
About Us.
BD Foundation.
BusinessDay Intelligence.
BusinessDay Conferences & Events

LGAs monetary autonomy faces fresh difficulty on CBN need

PDP heading for catastrophe in 2027, Bode George warns

© 2025 – Businessday NG. All Rights Reserved.