HRDF supports employment of 437,000 nationals in 2024

27/01/2025 Argaam
Logo ofHuman Resources Development Fund (HRDF)

Logo of Human Resources Development Fund (HRDF)

The Human Resources Development Fund (HRDF) contributed to the employment of 437,000 nationals through various private sector programs and initiatives in 2024, up 17% year-on-year (YoY).

 

In a statement, the HRDF revealed that the number of beneficiaries reached two million in 2024, marking 5% growth YoY.

 

Further, more than 179,000 private sector establishments – of which 95% were micro, small, and medium-sized enterprises (MSMEs) – across various industries and regions in the Kingdom, benefited from the fund services, up 49% YoY.

 

Additionally, the HRDF allocated a total of SAR 7.5 billion last year for training, empowerment, and career guidance programs.

 

Meanwhile, the workforce sustainability rate in the labor market — measuring those who remained employed a year after their hiring or program completion — stood at 81%.

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