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

The Global Labor Market (GLMC), has seen the signing of 31 agreements and Memoranda of Understanding (MOU) in between different entities, aiming to provide thousands of training chances and jobs for the worldwide labor force. This contract was signed at the 2nd 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, together with 40 labour ministers. According to the ministers, these efforts will concentrate on qualifying diverse groups, such as new graduates, females, and people with impairments, for suitable employment through specialised training programmes, consisting of development, educational initiatives, leadership preparation, and knowledge-sharing collaborations
Data from the Organisation for Economic Cooperation and Development (OECD), employment roughly 67 million young people are currently jobless, and almost 20 percent of people aged 15 to 54 are either employed or employment participated in education, organizations, or training programmes. Read also: Boost for entrepreneurs as IBPLC develops tasks with Hero apprenticeship effort

These statistics have also revealed that nearly 40 percent of employers report problems in filling jobs due to an inequality in between workforce abilities and labour market needs, with youth unemployment exceeding 30 percent in some regions worldwide. Related News
Canadian province adds 13,000 child care areas, to increase to 28,000 by 2026, hence creating jobs

British Airways flight reverses as hazardous fumes make passengers and team sick

Customers’ USSD gain access to intact as banks settle USSD debt

Highlighting the significance of these arrangements, Alrajhi said “These figures highlight the urgent requirement to develop comprehensive strategies to deal with these typical obstacles efficiently.” “Transforming them into opportunities, eventually we can all interact to ensure the prosperity of our economies, neighborhoods, and workforces.” The minister likewise kept in mind that the contracts focus on boosting functional effectiveness, employment fostering development, and driving worth production in positioning with Saudi Vision 2030. Key entities included in these agreements consist of 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 cooperations emerged. INSEAD will supply scholastic services, while partnerships with Space Faculty and ProFun will explore development and knowledge sharing. Bella Vista Institute and the Saudi Logistics Academy will provide customized training programmes concentrated on leadership development and capacity building. The Ministry of Tourism inked MoUs with Marriott Hotels and Arabian Airports to develop labor force certifications and training efforts. Princess Nourah University partnered with SEA Ventures to foster entrepreneurship advancement. A considerable development is the facility of the Kaspersky Knowledge Transfer Centre, developed to advance cybersecurity abilities among students and the workforce, to name a few. Share
Join BusinessDay whatsapp Channel, to remain up to date

Top 10 African countries that left low-income status considering that 2000

Five African cities provide most budget friendly rent in 2025

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

Find out more …

For Digital Adverts: [e-mail safeguarded] Call Us:08033225506, 08026011296, 07013338794
WhatsApp Us: 08068545123
Advert And Rates
Copyright

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

LGAs financial autonomy deals with fresh difficulty on CBN need

PDP heading for disaster in 2027, Bode George warns

© 2025 – Businessday NG. All Rights Reserved.