Human Resources Development Fund and private sector workshop to promote localization

As part of ongoing efforts to strengthen the partnership between the public and private sectors, the Human Resources Development Fund (HRDF) an extensive workshop with representatives of private sector establishments at the Ministry of Human Resources and Social Development headquarters in Riyadh. This step underscores the pivotal role of the private sector as a key partner in the national economic development process.

The importance of timing and national context

This workshop is of paramount importance given its timing, coinciding with the rapid economic development underway in Saudi Arabia as it works towards achieving the goals of Vision 2030. The Vision actively seeks to reduce unemployment rates, increase the participation of Saudi nationals in the labor market, and empower citizens with access to quality and sustainable employment opportunities. Such gatherings are crucial in aligning government support strategies with the actual needs of commercial and industrial establishments.

High-level attendance and fruitful discussions

The workshop witnessed a high-level attendance, led by His Excellency the Minister of Human Resources and Social Development, Chairman of the Board of Directors of the Fund, Engineer Ahmed bin Sulaiman Al-Rajhi, and His Excellency the Director General of the Fund, Mr. Turki bin Abdullah Al-Jawini. A select group of executive leaders and representatives of major private sector establishments also participated, lending a serious and practical tone to the discussions, which aimed to identify current challenges and explore future development opportunities.

Workshop objectives: From employment to sustainability

The workshop primarily aimed to shift from the traditional concept of employment to that of job sustainability . Discussions focused on:

• Strengthening cooperation and integration between the Fund and the establishments.
• Developing high-quality support programs that are accurate and meet the needs of different sectors.
• Directing financial and training support with greater efficiency and effectiveness to ensure economic impact.
• Keeping up with the rapid changes in work patterns and skills required globally and locally.

Strategic trends and the future of the labor market

The attendees discussed the strategic directions of the Human Resources Development Fund for the next phase and mechanisms for aligning them with employers' aspirations. This comes as the Fund continues its efforts to update its programs and initiatives to be more flexible and responsive to market demands, thereby contributing to raising the efficiency of Saudi human capital and equipping the workforce with the skills and competencies necessary to compete in the modern labor market.

In conclusion, the workshop emphasized that empowering national talent is not just a digital goal, but a strategic path aimed at building a prosperous and sustainable economy with the hands of the sons and daughters of the nation, through a real and effective partnership between the government system and the private sector.