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

The Global Labor Market Conference (GLMC), has actually experienced the signing of 31 contracts and Memoranda of Understanding (MOU) between numerous entities, intending to supply thousands of training opportunities and jobs for the global workforce. This arrangement 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, together with 40 labour ministers. According to the ministers, these initiatives will focus on qualifying diverse groups, such as brand-new graduates, women, and individuals with disabilities, for appropriate employment through specialised training programs, including advancement, academic initiatives, leadership preparation, and knowledge-sharing cooperations
Data from the Organisation for Economic Cooperation and Development (OECD), around 67 million youths are currently jobless, and nearly 20 percent of people aged 15 to 54 are either employed or engaged in education, organizations, or training programmes. Read also: referall.us Boost for entrepreneurs as IBPLC develops tasks with Hero apprenticeship initiative

These data have also revealed that nearly 40 percent of employers report difficulties in filling vacancies due to an inequality between labor force skills and labour market demands, with youth unemployment surpassing 30 percent in some regions globally. Related News
Canadian province adds 13,000 kid care spaces, to increase to 28,000 by 2026, hence creating jobs

British Airways flight reverses as harmful fumes make guests and team ill

Customers’ USSD access undamaged as banks settle USSD debt

Highlighting the significance of these agreements, Alrajhi said “These figures highlight the immediate need to establish comprehensive methods to deal with these typical obstacles effectively.” “Transforming them into chances, eventually we can all interact to guarantee the prosperity of our economies, communities, and labor forces.” The minister likewise noted that the contracts concentrate on boosting operational performance, promoting development, and driving value creation in positioning with Saudi Vision 2030. Key entities associated with these contracts 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 notable cooperations emerged. INSEAD will provide scholastic services, while collaborations with Space Faculty and ProFun will explore development and knowledge sharing. Bella Vista Institute and the Saudi Logistics Academy will provide customized training programs focused on leadership advancement and capacity structure. The Ministry of Tourism tattooed MoUs with Marriott Hotels and Arabian Airports to establish labor force qualifications and training initiatives. Princess Nourah University partnered with SEA Ventures to cultivate entrepreneurship advancement. A substantial development is the facility of the Kaspersky Knowledge Transfer Centre, developed to advance cybersecurity skills among students and the labor force, 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 use most budget-friendly rent in 2025

Business Day, established in 2001, is a daily business newspaper based in Lagos. It is the only Nigerian newspaper with a bureau in Accra, Ghana. It has both daily and Sunday titles. It circulates 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 monetary autonomy deals with fresh difficulty on CBN need

PDP heading for catastrophe in 2027, warns

© 2025 – Businessday NG. All Rights Reserved.