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Saudi Arabia’s Human Resources Development Fund invested around SAR 8.7 billion ($2.3 billion) last year in programs for training, counseling, and empowering. This move aims to boost private sector businesses, increase Saudi employment, and ensure job sustainability. This effort comes as the Kingdom’s unemployment rate among its citizens nears the 7% target set by the national transformation plan, Vision 2030, dropping to 7.7% by the end of 2023. ....
The Human Resources Development Fund (HADAF) in Saudi Arabia spent more than $1.2 billion to support training and empowerment in the labor market during the first half of this year. The Fund provides subsidies for the rehabilitation, training, and employment of the national workforce in the private and non-profit sectors and provides a percentage of the employee's wages. ....
RIYADH: The unemployment rate among Saudis, which dropped to a record low of 8 percent in the fourth quarter of 2022, could fall even further if the Human Resources Development Fund continues its current momentum. The contribution of the fund concerned with resettling jobs in the private sector in the first quarter of 2023 increased 26 percent to 96,000 people from 76,000 ....
RIYADH: The Saudi Human Resources Development Fund and the University of Hail have signed a cooperation agreement to support graduates of the future “with the aim of increasing their competitiveness in the labor market and raising the employment rate.” The agreement was signed by Turki Al-Jawini, director general of the fund, and Rashid Al-Sharif, president of the University ....