HRDF Facilitates Employment For Over 153,000 Saudis In Private Sector During First Half Of 2024

Turki bin Abdullah Al-Jawini, Director General of the Human Resources Development Fund, announced that over 153,000 Saudi men and women secured employment in the private sector during the first half of 2024. The fund disbursed SAR3.79 billion to support training, employment, and empowerment programs for private sector establishments during this period.

Al-Jawini highlighted that 1.4 million Saudis and around 100,000 establishments in key sectors benefited from the fund's initiatives. He emphasised the fund's commitment to aligning with the Kingdom's development across various fields and addressing the business sector's need for a skilled national workforce.

The fund aims to enhance Saudis' skills, increase their labor market participation, and motivate the private sector to contribute to workforce localization. It also seeks to strengthen partnerships with entities focused on training, employing, and empowering the national workforce.

Al-Jawini noted that the fund continuously adapts its programs and services to meet labor market changes and requirements. This includes developing training, empowerment, and guidance support programs targeting national personnel.

The fund's efforts are aligned with achieving the objectives of Saudi Vision 2030 concerning human capacity development and labor market strategy. Al-Jawini stated that these initiatives have increased benefits for both individuals and establishments.

"The fund is keen to keep pace with the development witnessed by all fields in the Kingdom," said Al-Jawini. "We are committed to meeting the needs of the business sector and ensuring a skilled national workforce."

The Human Resources Development Fund continues its mission to boost competitiveness and sustainability within the labor market through various support programs. These efforts are crucial in fostering a robust national workforce capable of meeting future challenges.

By focusing on training and empowerment, the fund plays a vital role in preparing Saudi nationals for diverse roles in the private sector. This approach not only supports individual career growth but also contributes significantly to the broader economic goals of Saudi Vision 2030.

The ongoing collaboration between the fund and relevant entities ensures that training programs remain relevant and effective. This partnership is essential for maintaining a dynamic labor market that can adapt to evolving industry demands.

Overall, Al-Jawini's statements reflect a comprehensive strategy aimed at enhancing employment opportunities for Saudis while supporting private sector growth through targeted initiatives.

With inputs from SPA