Saudi Fund Aids 153,000 Nationals To Gain Employment In Private Sector In H2 2024
Saudi Arabia's Human Resources Development Fund has facilitated the employment of over 153,000 Saudi men and women in the private sector the first half of 2024, according to a report by the Saudi Press Agency (SPA).
Turki bin Abdullah Al-Jawini, Director-General of the Fund, highlighted that SAR3.79 billion ($1 billion) was disbursed to private sector establishments for training, employment, and empowerment support programmes during this period. He noted that approximately 1.4 million Saudis and around 100,000 establishments in key sectors benefited from these initiatives.
The fund is committed to aligning with the Kingdom's development across various fields and meeting the business sector's demand for skilled national workers. Al-Jawini emphasised that the fund aims to enhance Saudis' skills, boost their labour market participation, and encourage private sector involvement in localisation efforts.
Al-Jawini stated that the fund's programmes and services have significantly increased benefits for individuals and establishments. He underscored the fund's ongoing efforts to adapt to changes and requirements in the labour market.
The fund is also focused on developing training, empowerment, and guidance support programmes targeting national personnel. These efforts contribute to achieving the objectives of Saudi Vision 2030 concerning human capacity development and labour market strategy.
Additionally, Al-Jawini mentioned that the fund strives to foster partnerships with entities involved in training, employing, and empowering the national workforce. This collaboration aims to enhance competitiveness and ensure continuity in the labour market.
The continuous development of Saudis' skills is a priority for the fund. It seeks to increase their participation in various sectors while encouraging private sector contributions towards localisation.
The Human Resources Development Fund remains dedicated to supporting both individuals and establishments through its diverse programmes. By keeping pace with labour market trends, it ensures that its initiatives remain relevant and effective.
The fund's commitment to training and empowering Saudi nationals aligns with broader national goals. These efforts are crucial for building a robust workforce capable of meeting future challenges.
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