Riyadh – In a significant move towards bolstering global labor market dynamics, the Saudi Ministry of Human Resources and Social Development has announced the signing of scientific collaboration agreements with the International Labor Organization (ILO) and the World Bank (WB).

According to Burkina Information Agency, these agreements aim to enhance the vision of the International Labor Market Conference, scheduled to take place in Riyadh from December 13 to 14, 2023. This conference is touted as a first-of-its-kind global event, uniting decision-makers and various stakeholders in labor markets under one roof.

The agreements with the ILO and the World Bank encompass their participation in enriching the conference’s program and scientific content. This collaboration is geared towards supporting the conference’s ambitious role in shaping global labor market trends, fostering innovation, and empowering stakeholders.

ILO Director-General Gilbert F. Houngbo is slated to be a keynote speaker at the conference, where he will present his insights on the future of international labor markets and discuss the challenges and opportunities currently facing the global workforce. Joining him as a key speaker will be Sukti Dasgupta, Director of the Department of Working Conditions and Equality at the ILO. Dr. Dasgupta is renowned for his impactful contributions in various fields, including employment, organizational structuring, and social impact studies, as well as his significant role at the international labor organization level.

The International Labor Organization, a United Nations agency, unites government representatives from 187 member states to establish international labor standards and frameworks for protecting professional rights. Meanwhile, the World Bank, also affiliated with the United Nations, is known for financing development projects in countries and combating poverty, with its studies in economics and development being globally recognized.

The inaugural edition of the International Labor Market Conference, themed “We Shape the Future,” is set to be a major gathering. It will feature a diverse array of Labor Ministers, top executives, and specialists from various countries, along with heads of international organizations, businessmen, and major investors. The conference is expected to include 40 sessions with participation from 150 speakers and 2,000 attendees from 40 countries.

The involvement of these speakers is anticipated to enrich the conference, offering valuable perspectives on the current and future challenges of the global labor market and strengthening international collaboration and exchange in this sector.

The conference will focus on eight key themes: significant influences and trends in the global labor market, skills and productivity, modern working methods, labor market policies and legislation, the impact of technological advancement on labor markets, experiences in restructuring labor markets, and issues of equality and the working environment.

For additional information on the International Labor Conference, visit www.globallabormarketconference.com. A photo library related to this article is available at http://bit.ly/GLMC1. For journalistic inquiries, contact the Ministry’s press office.