2.3 billion riyals for the “employment support” human resources development fund

The Human Resources Development Fund confirmed that it will continue to provide employment support to Saudis working in private sector institutions within the scope of the “Employment Support” product, noting that the cost of support provided through this product reached 2.3 billion riyals in the first half of 2024, approximately the same period, and 220,000 male and female citizens benefited from it. The product aims to enhance career sustainability and the participation of the nation’s sons and daughters in all areas and activities of the labor market and achieve employment stability. The proportion of financial support for private sector companies ranges from 30% to 50%, with a maximum amount of 3,000 riyals. Companies can also submit support requests through the following link: HRDF.org.sa.

Through its programmes and products, the Fund seeks to continue developing and improving the skills of the nation’s sons and daughters, raising their level of participation in the labour market and stimulating the private sector’s contribution to Emiratisation, while strengthening its partnership with the relevant authorities to train, employ and empower national cadres and increase their competitiveness and sustainability, thus contributing to the achievement of the objectives of the Kingdom’s Vision 2030 strategy for the development of its human and labour market.

It is noteworthy that the Fund’s strategy, launched in the first quarter of last year, contributes to increasing the number of individuals and institutions that benefit from the Fund’s programs and services and aims to achieve three main objectives: strengthening the development of the country’s human capital to meet the requirements of a changing labor market, improving the relationship between supply and demand in the country’s labor market, and promoting and maintaining employment in the private sector.