Human Resources Fund Supports Employment Of 437,000 Saudis With 17% Growth In 2024

The Human Resources Development Fund (HRDF) has played a crucial role in employing 437,000 Saudi nationals in the private sector during 2024. This achievement marks a 17% increase compared to the previous year. The HRDF's initiatives have also provided training and guidance to two million people, showing a 5% rise from 2023.

Director General Turki Al-Jawini highlighted the fund's collaboration with government and private sectors to empower young Saudis. He noted significant transformations within the HRDF, driven by leadership's focus on human capital investment. The fund's efforts align with adapting to labor market demands.

In 2024, over 179,000 establishments benefited from HRDF services, reflecting a substantial growth of 49% compared to the previous year. Notably, medium, small, and micro enterprises made up 95% of these beneficiaries. This focus supports diverse sectors within the labor market.

The HRDF spent SAR 7.74 billion on training and empowerment programs last year. These programs aim to enhance workforce sustainability, which was measured at an impressive 81% after one year of employment or program completion.

Al-Jawini emphasized that the HRDF is committed to improving labor market efficiency and addressing priority economic sectors' needs. The fund develops training and career guidance programs for national professionals as part of its mission.

These initiatives are designed to support Saudi Vision 2030 and the Labor Market Strategy. By focusing on these goals, the HRDF aims to ensure that Saudi professionals are well-prepared for future job opportunities.

The increasing number of beneficiaries employed through HRDF's services highlights its success in adapting to changing labor market requirements. This adaptability is crucial for meeting both current and future workforce demands in Saudi Arabia.

With inputs from SPA