Riyadh is preparing to host the second edition of the International Labor Market Conference from tomorrow, Wednesday, January 29, with the aim of facing the urgent challenges that afflict the global labor markets in light of the rapid economic and technological transformations.
This upcoming global event is a prominent platform that brings together more than 45 ministers of work, along with a group of decision makers and experts from the G20 countries, Europe, Asia, the Middle East, Africa and the Americas.
The conference revolves around innovation and empowerment of youth, with a focus on providing comprehensive solutions that enhance the ability of economies to adapt to variables.
It aims to discuss global challenges in the labor markets, and highlight the policies and initiatives that contribute to empowering youth and supporting the global economy.
The conference is a strategic platform for exchanging experiences and building an international consensus on how to respond to the rapid economic and technological transformations that reshape labor markets.
This international conference will witness discussion sessions on urgent issues such as skills development, youth employment, technological innovation, and the promotion of green economies.
Among the most prominent topics that will be discussed in the conference is the digital transformation and its impact on the restructuring of the labor market, as this transformation requires a proactive approach to qualifying the young workforce and providing them with appropriate skills.
Empowering youth in the global economy
It will also focus on strategies to integrate mobile workforce, and encourage small and medium -sized companies to adopt innovation is a major tool for growth.
The issue of empowering youth is leading the conference agenda, with initiatives aimed at enhancing their role in the global economy. During the conference, joint training programs will be launched between governments and the private sector to rehabilitate young people according to the needs of the global market, while emphasizing the encouragement of entrepreneurship and providing funding opportunities for young companies led by young people.
In this regard, Saudi economist Hossam Al -Dakhil says that the conference represents a unique opportunity to empower young people who are the backbone of the future economies, as through modern technologies these young people can achieve qualitative leaps in the areas of innovation and productivity, especially in light of a supportive work environment.
In an interview with Al -Jazeera Net, Al -Dakhil adds that young people are the most adaptive groups with modern technology, and through sustainable educational strategies, they can play a pivotal role in leading the digital economy.
The economist stressed that the second edition of the International Labor Market Conference is witnessing an unprecedented presence with the participation of representatives from more than 45 countries, pointing out that the conference is held in a scientific partnership with high -level international bodies, which includes the International Labor Organization, the World Bank, the United Nations Development Program and the Organization for Economic Cooperation and Development The Musk Foundation, which enhances its position globally and attracts the attention of experts and those interested.
Promote the labor market
Al -Dakhil pointed out that “the main goal of this international conference is to support the workforce and job seekers, and to exploit modern technologies, expertise, government experiences and the private sector of the participating countries, in order to develop the energies and capabilities of young people to innovation and production, and to address what the labor markets can face from obstacles, contraction and future crises “.
The Saudi economic expert expected that this conference will help the participating countries in setting policies and legislations that lead to strengthening the labor market, reducing unemployment, empowering and motivating workers in light of an encouraging work environment, which will be reflected in the economic and social prosperity of the region and the world.
For his part, Saudi economist Khaled Al -Ghamdi considered that Riyadh hosting the second version of this global event is a pivotal step in addressing the challenges facing labor markets in light of the rapid economic and technological transformations.
He pointed out that the conference reflects the Kingdom’s pioneering commitment at the international level in formulating economic policies that focus on empowering young people and developing their capabilities in line with the requirements of the digital age.
Al -Ghamdi told Al -Jazeera Net that cooperation with international institutions such as the World Bank and the International Labor Organization contributes to providing innovative solutions to economic challenges, adding that the digital transformation is an opportunity to reshape work environments, but it requires the rehabilitation of young people with the skills necessary to ensure their ability to adapt.
The economist stressed that this prominent international event provides an opportunity to exchange experiences and visions between decision makers in the labor markets, and highlights future policies and qualitative initiatives aimed at enhancing youth participation in the global economy.
He indicated that the conference is based on 6 basic axes that include:
- Developing and rehabilitating skills.
- Support for mobile workforce.
- Young empowerment.
- Promote technological innovation.
- Support for small and medium companies.
- Promoting the green economy.
