Minister of Human Resources: 92% of the objectives of the labor market strategy have been achieved

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Minister of Human Resources: 92% of the objectives of the labor market strategy have been achieved

met Minister of Human Resources and Social Development Engineer Ahmed bin Sulaiman Al-Rajhi, met a number of men, women and entrepreneurs in the Medina region, as part of his visit to the region, within the framework of the Ministry’s keenness to enhance integration between sectors and develop the The private sector reached 2.5 million, in an indicator that reflects the success of Emiratisation programs and the empowerment of national competencies.

Economic Participation

Al Rajhi explained that the flexible and modern work programs contributed to expanding opportunities for economic participation, as more than 430 thousand citizens benefited from self-employment, in addition to issuing more than a million flexible and remote work contracts, keeping pace with the transformations in work patterns and the needs of the modern labor market.

In addition to building Capabilities and skills development, His Excellency pointed out the launch of 4.5 million training opportunities within a campaign "a promise"Two million training opportunities have been completed so far, in addition to more than 1.5 million beneficiaries benefiting from the training programs provided by the Human Resources Development Fund. "goal"With support exceeding 3.8 billion riyals, which enhances the readiness of national cadres and aligns their skills with market requirements.

The Minister reviewed the role of the Social Development Bank in supporting economic empowerment and entrepreneurship, as the volume of support provided amounted to 8.5 billion riyals, from which more than 130 thousand beneficiaries benefited, which contributes to stimulating small and medium enterprises and enhancing economic stability.

Private sector contribution

The goal of the meeting is to strengthen the partnership between the human resources system and social development. and the business sector in the region, and to discuss ways to develop the labor market system, support economic empowerment and entrepreneurship programs, and stimulate local investments, in a way that enhances the private sector’s contribution to economic and social development.

His Excellency’s visit included a meeting with the Vice Chairman of the Board of Directors of the Medina Chamber of Commerce and Industry, Nayef bin Odeh Al-Saedi, during which the prospects for joint cooperation between the Ministry and the Chamber were discussed, in a way that contributes to supporting economic empowerment programs and strengthening the partnership between the public and private sectors.

Harak Developmental

Engineer Al Rajhi stressed that the Ministry will continue to expand its partnerships with various sectors, work to develop work environments, raise the efficiency of the labor market system, and increase the private sector’s contribution to economic and social development, praising the distinguished development movement that the Medina region is witnessing.

The visit included His Excellency’s participation in an initiative "Volunteer your expertise" Organized by the Ministry, in addition to an exhibition tour "Made in the city"which reflects distinct national models in entrepreneurship and local industries.