Saudi Arabia commended for effective labour market solutions in global report

Saudi Arabia has been recognised for its outstanding efforts in addressing labour market challenges and promoting skill development, according to the first annual report from the Global Labour Market Conference (GLMC). The report, which reflects the participation of 14,000 people from 14 countries, highlights the Kingdom’s commitment to tackling local and global labour-market issues, reinforcing its leadership in workforce development.

Aligned with the goals of Saudi Vision 2030, the country has made significant strides in enhancing workforce requalification, developing national competencies, and reducing unemployment. The GLMC report underscores Saudi Arabia’s proactive approach to meeting these objectives, positioning the Kingdom as a key player in shaping future global labour trends.

The report also points to the rapidly changing global labour markets, driven by demographic transitions, economic globalisation, and technological advancements. In this context, the importance of skill development and continuous education is emphasised as critical to adapting to these changes.

Saudi Arabia’s focus on economic diversification, job creation, and elevating its workforce’s global competitiveness has been integral to its workforce development strategy. The Kingdom’s initiatives, outlined in the report, are in line with the objectives of Vision 2030 and aim to create a more flexible, sustainable labour market capable of adapting to rapid changes and securing long-term economic success.

Additionally, the report highlights the growing concern of automation and its impact on job markets worldwide. While the effect of demographic shifts varies by country, the report notes that skill development remains a key global priority. In some nations, the ageing population has been a driving force behind initiatives to improve skills, though this trend is less pronounced in others.