MADINAH — Minister of Human Assets and Social Growth Ahmed Al-Rajhi acknowledged that the Saudi labor market system has achieved 92 % of the aims set forth within the Labor Market Technique.
Addressing a distinguished gathering of enterprise leaders and entrepreneurs within the Madinah area, he famous that the variety of Saudis employed within the non-public sector has reached 2.5 million, an indicator that underscores the effectiveness of localization initiatives and the empowerment of nationwide expertise.
Al-Rajhi emphasised that versatile and trendy work preparations have considerably broadened alternatives for financial participation, with greater than 430,000 residents benefiting from self-employment applications. As well as, over a million versatile and distant work contracts have been issued, reflecting the evolving nature of labor and the calls for of a contemporary labor market.
With regard to capability constructing and expertise improvement, the minister highlighted the launch of 4.5 million coaching alternatives below the “Wa’advert” marketing campaign, two million of which have been accomplished up to now. He added that greater than 1.5 million people have benefited from applications delivered by the Human Assets Growth Fund (HADAF), with assist exceeding SR3.8 billion. These efforts have strengthened the preparedness of nationwide expertise and ensured nearer alignment between workforce capabilities and market necessities.
The minister additionally reviewed the pivotal position of the Social Growth Financial institution in advancing financial empowerment and entrepreneurship. The financial institution has offered SR8.5 billion in assist to greater than 130,000 beneficiaries, thereby stimulating small and medium-sized enterprises (SMEs) and reinforcing financial stability.
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Al-Rajhi’s go to to Madinah displays the ministry’s dedication to fostering cross-sector integration, advancing the labor market system, and empowering nationwide expertise, that are the important thing pillars in realizing the aims of the Kingdom’s Imaginative and prescient 2030. The assembly with the enterprise group aimed to deepen collaboration between the human assets and social improvement ecosystem and the regional non-public sector. Discussions centered on enhancing the labor market framework, supporting financial empowerment and entrepreneurship initiatives, and stimulating native funding to additional strengthen the non-public sector’s position in financial and social improvement.
Throughout his go to, the minister additionally met with Naif Al-Saadi, vice chairman of the Board of Administrators of the Madinah Chamber of Commerce and Trade, to discover avenues for joint cooperation. The discussions centered on supporting financial empowerment applications and reinforcing public-private sector partnerships.
Eng. Al-Rajhi reaffirmed the ministry’s dedication to increasing strategic partnerships throughout sectors, cultivating progressive work environments, enhancing the effectivity of the labor market system, and growing the non-public sector’s contribution to sustainable financial and social development. He additionally recommended the notable developmental strides achieved within the Madinah area.
The minister additionally attended the “Volunteer with Your Experience” initiative organized by the ministry and toured the “Made in Madinah” exhibition, which highlights exemplary nationwide fashions in entrepreneurship and native trade.
