World Bank Says Saudi Arabia Partnership Turns Policies into Economic Opportunities

World Bank Group Vice President for the People Vice Presidency Dr. Mamta Murthi affirmed that the partnership between the Kingdom of Saudi Arabia and the World Bank serves as an effective model for turning evidence-based policies into tangible economic opportunities for businesses of all sizes, contributing to job creation and human capital development.
 Speaking at the third Global Labor Market Conference in Riyadh, Dr. Murthi emphasized that developing workforce systems to keep pace with rapid global economic changes has become an urgent necessity, stressing the pivotal role of the private sector in driving this transformation and achieving inclusive and sustainable job growth.
 She highlighted key initiatives under this agenda, including the launch of an annual labor-market academy, the formation of a global advisory committee of experts, and the preparation of practical guides to support short-term, targeted workforce interventions.
 She also announced that the World Bank will publish a specialized report on Saudi Arabia’s progress in labor market reforms and skills development.