Human Resources Fund Supports Employment of 437,000 Saudis in 2024 with 17% Growth

The Human Resources Development Fund (HRDF) announced that it contributed to the employment of 437,000 Saudi male and female citizens in private sector establishments during 2024 through dedicated programs and initiatives.
 The private sector employment figures represent a 17% growth rate compared to 2023. Additionally, the HRDF provided training, empowerment, and guidance services to two million beneficiaries in 2024, reflecting a 5% increase over the previous year.
 Moreover, over 179,000 establishments across various labor market sectors benefited from the fund's services, marking a substantial growth rate of 49% compared to 2023. Notably, 95% of these establishments were medium, small, and micro enterprises. The total expenditure on training, empowerment, and guidance support programs during the past year amounted to SAR 7.74 billion. The fund also noted that the sustainability index of the national workforce in the labor market, measured after one year of employment or program completion, stood at 81%.
 Director General of the HRDF Turki Al-Jawini emphasized that the fund operates in effective partnership with various government and private sectors to empower the nation's youth and secure job opportunities. He noted that the fund underwent significant transformations over the past year, driven by the leadership's commitment to investing in human capital.
 Al-Jawini highlighted the increasing number of beneficiaries who have been successfully employed through the fund's training, empowerment, and guidance services. These efforts align with the HRDF's mission to adapt to labor market changes and requirements.
 He underlined the HRDF's commitment to enhancing labor market efficiency, addressing the needs of priority economic sectors, and developing training, empowerment, and career guidance programs for national professionals. These initiatives aim to realize the objectives of Saudi Vision 2030 and the Labor Market Strategy.