Logo of Human Resources Development Fund (HADAF)
Saudi Arabia’s Human Resources Development Fund (HADAF) launched, on March 13, its new strategy and identity under the slogan of “Partnership and Empowerment”.
The fund explained that the strategy was built to respond to the changes and challenges of the labor market in order to contribute to its growth, keep pace with the rapid changes and focus on priority sectors.
The strategy will be achieved through the development of guidance and empowerment training programs designed to improve capabilities of the citizens in line with the labor market, National Development Fund, and Kingdom's Vision 2030 strategies.
Minister of Human Resources and Social Development (HRSD) Ahmad Al Rajhi said that the ministry will continue to develop human capital and motivate the private sector to contribute to localization as part of HADAF’s new strategy and identity.
He added that the strategy includes strengthening partnerships with community institutions, empowering national cadres and increasing their competitiveness and efficiency in the labor market.
The fund's strategy came as a result of many joint efforts with government agencies and the private sector and is in line with the labor market strategy and localization decisions and related policies, the minister stressed.
He pointed out that HADAF has contributed through its programs and initiatives to the growth of employment opportunties by more than 300% between 2019 and 2022.
Meanwhile, Turki Al-Jawini, Director General of HADAF, revealed the most prominent achievements of the fund, including:
|
Significant Achievements |
|
|
Beneficiaries of the fund's services |
Nearly 1.5 mln beneficiaries, exceeding 2022 targets |
|
Supporting employment in private-sector enterprises |
400,000 beneficiaries |
|
Expenditure of support programs directed to guidance, training and empowerment |
SAR 5.65 bln |
|
Number of facilities supported |
138,000 facilities |
|
Micro, small and medium enterprises |
Represented 81% of the total contribution to employment through the fund's programs |
|
Agreements with the public and private sectors |
24 agreements to enhance training and recruitment of national cadres |
|
Number of beneficiaries of career guidance |
337,000 beneficiaries |
|
Number of beneficiaries of job matching programs |
609,000 beneficiaries |
|
Empowerment program |
Supporting 128,000 beneficiaries from the neediest groups to enter the labor market |
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