Saudi Arabia HRDF’s Expenditure Hits SAR 6.9 Billion in 9 Months
The Human Resource Development Fund (HRDF) in Saudi Arabia has made significant financial commitments towards boosting employment and training programs in the private sector.
The General Manager of HRDF, Turki Aljawini, unveiled a spend of SAR 6.9 billion for the first three quarters of 2023, benefiting a broad spectrum of establishments across vital sectors in the Kingdom.
Investment in Training and Employment Programs:
Turki Aljawini disclosed that a substantial portion of the fund was allocated towards training, employment, and empowerment programs. These initiatives were targeted at private sector establishments, with the aim of bolstering their operational capacities and creating more job opportunities. The investment spans from the beginning of 2023 till the end of the third quarter.
Impact on Private Sector Establishments:
Approximately 97,000 establishments operating in various critical sectors within the Kingdom have benefited from the programs and products of the HRDF.
This significant benefit underscores the fund’s pivotal role in supporting private sector growth which is in line with Saudi Arabia’s broader economic diversification and job creation objectives.
The HRDF’s substantial expenditure demonstrates a robust commitment to nurturing human capital in Saudi Arabia.
By investing in training and employment programs, the fund is not only enhancing private sector performance but also contributing towards achieving the Kingdom’s long-term economic and employment goals.
