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

The Market Conference (GLMC), has seen the signing of 31 contracts and Memoranda of Understanding (MOU) between various entities, aiming to offer thousands of training opportunities and jobs for the international workforce. This agreement 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, employment in addition to 40 labour ministers. According to the ministers, these efforts will concentrate on certifying diverse groups, such as brand-new graduates, ladies, and people with impairments, for suitable work through specialised training programmes, including development, instructional initiatives, management preparation, and knowledge-sharing cooperations
Data from the Organisation for Economic Cooperation and Development (OECD), approximately 67 million youths are currently out of work, and nearly 20 percent of individuals aged 15 to 54 are either utilized or engaged in education, organizations, or training programs. Read also: Boost for employment entrepreneurs as IBPLC creates tasks with Hero apprenticeship initiative

These data have likewise shown that almost 40 percent of companies report troubles in filling jobs due to a mismatch between labor force abilities and labour market demands, with youth unemployment exceeding 30 percent in some areas globally. Related News
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Highlighting the significance of these agreements, Alrajhi stated “These figures highlight the urgent need to develop comprehensive strategies to resolve these common obstacles effectively.” “Transforming them into opportunities, ultimately we can all work together to make sure the prosperity of our economies, communities, and labor forces.” The minister likewise noted that the agreements focus on enhancing operational efficiency, cultivating innovation, and driving value production in positioning with Saudi Vision 2030. Key entities involved in 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 a number of notable partnerships emerged. INSEAD will provide scholastic services, while collaborations with Space Faculty and ProFun will explore innovation and understanding sharing. Bella Vista Institute and the Saudi Logistics Academy will deliver tailored training programmes concentrated on leadership development and capability structure. The Ministry of Tourism tattooed MoUs with Marriott Hotels and Arabian Airports to establish workforce qualifications and training efforts. Princess Nourah University partnered with SEA Ventures to cultivate entrepreneurship advancement. A substantial advancement is the facility of the Kaspersky Knowledge Transfer Centre, designed to advance cybersecurity abilities amongst trainees and the workforce, to name a few. Share
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