RIYADH: Saudi Arabia’s Human Resources Development Fund has signed a cooperation agreement with Human Resources Management and Development Co. aimed at employing, training and empowering 5,500 Saudi citizens.
The agreement reflects cooperation between the public and private sectors to enhance investment in human capital and support the objectives of Saudi Vision 2030 by developing national capabilities and improving labor market efficiency, the Saudi Press Agency reported.
The signing ceremony took place in the presence of Prince Faisal bin Mishaal bin Saud bin Abdulaziz, governor of the Al-Qassim region. The agreement was signed by Firas bin Abdulaziz Aba Al-Khail, deputy director general for business at the HRDF, and Naif Al-Dahmshi, the company’s CEO.
The agreement extends the HRDF’s strategy of building strategic partnerships with the private sector. It aims to develop national talent, enhance workforce readiness and increase competitiveness in line with rapid changes and evolving labor market needs in priority sectors.
The memorandum aims to enable Saudi nationals to benefit from the fund’s range of programs and services, including employment support, on-the-job training, e-learning and empowerment programs. These initiatives will help participants acquire practical skills and experience, better align training outcomes with private sector needs, and contribute to creating high-quality, sustainable employment opportunities for Saudi citizens.
The partnership also underscores the fund’s role in helping the private sector attract and develop Saudi talent through integrated development solutions and programs. These initiatives will help increase Saudization rates, enhance the productivity of the national workforce and support economic development in the Al-Qassim region.
The agreement strengthens human capital development efforts and reinforces the partnership between the public and private sectors as a key pillar of sustainable development.
The agreement builds on the HRDF’s broader efforts to strengthen the Kingdom’s labor market through partnerships with the private sector. In 2025, the fund helped more than 560,000 Saudi citizens secure jobs in private sector establishments — up 29 percent from 2024 — while investing over SR8.296 billion ($2.21 billion) in training, empowerment and guidance programs that benefited more than 2 million Saudis, supporting workforce participation, skills development and long-term employment sustainability across the Kingdom.
