The Human Resources Development Fund (HRDF) has successfully placed over 153,000 Saudi nationals in private sector jobs during the first half of 2024, Director General Turki bin Abdullah Al-Jawini announced.
Al-Jawini stated that the fund disbursed SR3.79 billion ($1 billion) to private sector establishments for training, employment, and empowerment support programs during this period, according to the Saudi Press Agency.
He added that 1.4 million Saudi men and women, along with around 100,000 establishments operating in vital sectors in the Kingdom, benefited from the program.
Fund Aligns with Kingdom’s Growth
Moreover, Al-Jawini emphasized the fund’s commitment to keeping pace with the Kingdom’s development across all fields, addressing the needs of the business sector, and meeting the demand for a skilled national workforce.
Additionally, he explained that the fund aimed to develop Saudis’ skills, increase their participation in the labor market, and encourage the private sector to contribute to localization. It also worked to boost partnerships with entities concerned with training, employing, and empowering the national workforce, thereby increasing their competitiveness and continuity in the labor market.
Adapting to Labor Needs
Al-Jawini highlighted that the fund’s programs and services had increased the benefits for individuals and establishments, stressing the fund’s continuous efforts to keep pace with labor market changes and requirements.
Supporting National Talent Development
He noted that the fund was also focused on developing training, empowerment, and guidance support programs targeting national personnel. This effort contributes to achieving the objectives of the Saudi Vision 2030 for human capacity development and labor market strategy.
