RIYADH: Saudi Arabia has signed three major agreements through its Human Resources Development Fund to train and empower 2,191 job seekers, with a combined value exceeding SR324 million ($86.5 million).
The HRDF announced the signing of the agreements with the Energy and Water Academy, the Health Academy at the Saudi Commission for Health Specialties, and the Saudi ZADK Saudi Culinary Academy.
The agreements were signed by HRDF Deputy CEO for Operations, Feras bin Abdulaziz Abalkhail, alongside Tariq bin Mohammed Al-Shamrani, CEO of the Energy and Water Academy; Rania Mualla, founder and chairperson of the ZADK Saudi Culinary Academy; and Ahmed Al-Shamrani, CEO of the Health Academy at the Saudi Commission for Health Specialties.
The signing took place on the sidelines of the Development Finance Conference Momentum 2025, held at the King Abdulaziz International Conference Center in Riyadh and running through Dec. 11.
The agreements reflect HRDF’s commitment to enhancing the skills of Saudi talent, providing knowledge and training aligned with labor market needs, and adopting an outcome-focused approach in delivering services.
The initiatives aim to elevate the Kingdom’s human capital ecosystem by shaping future labor market trends, offering targeted programs that address specific needs, and boosting the efficiency and competitiveness of the national workforce.
These efforts also support Saudization goals and broader economic development targets under Vision 2030.
The Development Finance Conference underscores the role of the National Development Fund as a key enabler of the Kingdom’s growth and a strategic driver of the development finance landscape.
By uniting efforts and maximizing developmental impact, the fund aims to ensure sustainable growth and empower vital sectors to achieve both domestic and global development objectives through the 12 development funds and banks under its umbrella.
Through its global platform, the Momentum conference enhances coordination among development funds and banks, as well as international financial institutions, while fostering partnerships with public and private sector leaders to optimize resource use — advancing the ambitious targets of Vision 2030.
