The Human Resources Development Fund contributed to supporting the employment of 96,000 male and female citizens to work in private sector establishments during the first quarter of 2023, through its various programmes, initiatives and products, with a growth rate of more than 26% compared to the same period last year, when 76 were supported. A thousand young men and women.
In this context, the Director General of the Fund, Mr. Turki bin Abdullah Al-Jaweni, noted the support of the wise leadership and its guidance in developing human capital, sustaining employment, and motivating the private sector to contribute to Emiratisation, in addition to strengthening partnership with all relevant authorities in training, employing and empowering national cadres. and increase their competitiveness in the labor market.
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Increase the number of beneficiaries
Al-Jawini said that the fund’s new strategy – which was launched recently – has enhanced the number of beneficiaries of programs, services and products, at the level of individuals and private sector establishments alike, as 836 thousand male and female citizens benefited from empowerment, guidance and training services in the first three months of this year, with a growth rate. Approximately 29%, compared to 646,000 beneficiaries for the same period in 2022.
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About 73,000 establishments operating in all vital sectors in the Kingdom benefited directly and indirectly from the fund’s programs, with a growth rate of 30%, compared to 56,000 establishments during the same period last year, while the expenses of support programs amounted to 2.2 billion riyals in the quarter. first of the current year.
labor market requirements
Al-Jawini stressed the importance of continuing efforts and strengthening the role of the Fund, to meet the changes and requirements of the labor market and improve its efficiency, keep abreast of developments, and take into account the needs and priorities related to the sectors, in addition to working on developing programs to support training, empowerment and guidance directed at national cadres, in a way that contributes to achieving the goals of the Kingdom’s Vision 2030 in developing Human capabilities and labor market strategy.
He pointed out that the Fund is working to strengthen and consolidate the relationship with the various governmental and private sectors, to support the sons and daughters of the country and enable them to find job opportunities in the labor market, which is reflected in stimulating the various sectors and activities to participate in the current national development, and to attract more investments that generate qualitative jobs.