Latest news with #HCDP
Zawya
2 days ago
- Business
- Zawya
Saudi graduates see record job market entry in 2024
RIYADH — The percentage of Saudi higher education graduates entering the workforce within six months of graduation surged to 44.43% in 2024, up from just 13.3% in 2016, according to the newly released annual report of the Human Capability Development Program (HCDP). Youth employment for Saudis aged 15–24 also climbed to 36.2%, compared to 18% in 2020. Launched by Crown Prince and Prime Minister Mohammed bin Salman in 2021, the HCDP is a key Vision 2030 program aimed at equipping citizens with the skills and capabilities needed across all life stages. The program focuses on aligning education outcomes with labor market demands, while investing in national talent to enhance Saudi Arabia's global competitiveness. In technical and vocational education, the employment rate within six months of graduation rose to 47.81%. The program launched six new strategic academies and activated four local technical colleges, focusing on fields such as tourism and hospitality. Five international academies trained more than 150,000 individuals, while overall enrollment in vocational education increased to 30.54%, surpassing the program's 2024 targets. To support quality training, more than 130 technical colleges were upgraded with training equipment, and digital platforms were enhanced to expand access across the Kingdom. On the entrepreneurship front, HCDP empowered 40 startups through advanced programs in collaboration with Stanford and UC Berkeley. These startups received executive leadership coaching, participated in 220 sessions with global experts, and gained access to Silicon Valley's innovation ecosystem. As a result, the supported startups attracted SR42 million ($11.2 million) in venture capital and created 120 new jobs. Forty founders were admitted to top-tier international business incubators, reinforcing Saudi Arabia's progress in global innovation indices. The program also helped drive momentum in Silicon Valley with 29 entrepreneurial and investment events and four investor days that connected Saudi startups with international financiers. Additionally, 120 university-based startups were supported, over 11,000 students trained in entrepreneurship, and 60 new companies launched via regional accelerators. Three new university-based incubators were also established. © Copyright 2022 The Saudi Gazette. All Rights Reserved. Provided by SyndiGate Media Inc. (
Saudi Gazette
4 days ago
- Business
- Saudi Gazette
Saudi graduates see record job market entry in 2024
Saudi Gazette report RIYADH — The percentage of Saudi higher education graduates entering the workforce within six months of graduation surged to 44.43% in 2024, up from just 13.3% in 2016, according to the newly released annual report of the Human Capability Development Program (HCDP). Youth employment for Saudis aged 15–24 also climbed to 36.2%, compared to 18% in 2020. Launched by Crown Prince and Prime Minister Mohammed bin Salman in 2021, the HCDP is a key Vision 2030 program aimed at equipping citizens with the skills and capabilities needed across all life stages. The program focuses on aligning education outcomes with labor market demands, while investing in national talent to enhance Saudi Arabia's global competitiveness. In technical and vocational education, the employment rate within six months of graduation rose to 47.81%. The program launched six new strategic academies and activated four local technical colleges, focusing on fields such as tourism and international academies trained more than 150,000 individuals, while overall enrollment in vocational education increased to 30.54%, surpassing the program's 2024 support quality training, more than 130 technical colleges were upgraded with training equipment, and digital platforms were enhanced to expand access across the the entrepreneurship front, HCDP empowered 40 startups through advanced programs in collaboration with Stanford and UC Berkeley. These startups received executive leadership coaching, participated in 220 sessions with global experts, and gained access to Silicon Valley's innovation a result, the supported startups attracted SR42 million ($11.2 million) in venture capital and created 120 new founders were admitted to top-tier international business incubators, reinforcing Saudi Arabia's progress in global innovation program also helped drive momentum in Silicon Valley with 29 entrepreneurial and investment events and four investor days that connected Saudi startups with international financiers. Additionally, 120 university-based startups were supported, over 11,000 students trained in entrepreneurship, and 60 new companies launched via regional accelerators. Three new university-based incubators were also established.
Leaders
5 days ago
- Science
- Leaders
Saudi Arabia to Roll Out AI Curriculum across Schools by 2025–2026
Saudi Arabia has decided to incorporate an artificial intelligence (AI) curriculum across all levels of public education starting from the academic year 2025-2026, reported the Saudi Press Agency (SPA). The initiative was announced on Thursday by Saudi Arabia's National Curriculum Center, in collaboration with the Ministry of Education, the Ministry of Communications and Information Technology, and the Saudi Data and AI Authority (SDAIA). It aligns with the objectives of the Human Capability Development Program (HCDP), one of the key programs under Saudi Vision 2030, aiming to promote a comprehensive educational system that reinforces national values and enhances the Kingdom's global competitiveness and leadership in AI. The AI curriculum will equip students with specialized skills that qualify them to engage with the digital age and develop innovative solutions throughout their educational journey. In the light of this, the new curriculum includes specialized AI units tailored to different age groups, presented through interactive and applied learning methods. It also features mechanisms to connect knowledge across different education levels, ensuring a cumulative and progressive development of skills. Moreover, learning outcomes will be integrated into a comprehensive assessment system for student performance and achievement. The initiative comes on the heels of the rollout of 'Introduction to Artificial Intelligence' curriculum by SDAIA, the National Curriculum Center, and the Ministry of Education, for third-year high school students. This move marks a remarkable milestone toward incorporating AI concepts into educational curricula to foster a digitally-aware generation capable of shaping AI future. Short link : Post Views: 28
Zawya
07-05-2025
- Business
- Zawya
Bain & Company joins global leaders at HCI 2025 to shape the future of human capability
Riyadh: Bain & Company joined global stakeholders at the Human Capability Initiative (HCI) 2025 last month in Riyadh, a flagship platform convening policymakers, academics, business leaders, and innovators to reimagine the future of human capability in an age of accelerating change. Held under the theme "Beyond Readiness", the event welcomed more than 13,000 participants from over 120 countries across three dynamic days. Hosted by Saudi Arabia's Human Capability Development Program (HCDP), a key pillar of Vision 2030, HCI featured 120 sessions and over 300 speakers across five purpose-built content zones. Bain & Company was among the attendees contributing to the broader dialogue on lifelong learning, inclusive development, and scalable innovation. Discussions spanned three strategic tracks: Harnessing the Ways We Learn, Honoring the Ways We Belong, and Harmonizing the Ways We Act —each focused on enabling societies to thrive through skills transformation and cross-sector alignment. The event's structure encouraged open exchange through curated arenas such as the HCI Dialogues, Mastery Stage, and LAB Space, enabling leaders to share insights, showcase best practices, and spark actionable partnerships. From education reform to AI-enabled talent development, the agenda reflected an urgency to equip individuals and institutions for a rapidly shifting global landscape. Bain & Company's participation reflects its continued commitment to helping institutions and governments unlock human potential and build future-ready capabilities that drive long-term, inclusive growth. About Bain & Company Bain & Company is a global consultancy that helps the world's most ambitious change makers define the future. Across 65 cities in 40 countries, Bain works alongside clients to achieve extraordinary results and redefine industries. The firm complements its expertise with a vibrant ecosystem of digital innovators to deliver faster and more enduring outcomes. Bain has also committed more than $1 billion in pro bono services to organizations tackling today's urgent challenges and earned a platinum rating from EcoVadis, placing it in the top 1% of companies globally. Since 1973, Bain has measured its success by the success of its clients.
Zawya
15-04-2025
- Business
- Zawya
At HCI 2025 global minds convene to accelerate the future of human capability with over 13,000 participants from 120 countries
Riyadh – The second edition of the Human Capability Initiative (HCI), has concluded, hosting over 300 influential leaders, policymakers, and global experts from 40 countries, including academia, private sector, international organizations, and non-profits. HCI 2025 was held under the patronage of His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Chairman of the Human Capability Development Program Committee (HCDP), the organization which hosts HCI. HCI 2025 welcomed over 13,000 participants from 120 countries to the King Abdulaziz International Conference Center in Riyadh under the theme #BeyondReadiness. The conference saw over 100 agreements announced across industry and various economic sectors, with a total investment of SAR8.5bn (US$2.2bn). Among the key agreements, the prestigious London Business School revealed plans to establish a new office in Riyadh. This year's event brought together a stellar lineup, with senior government officials such as the Deputy Prime Minister and Minister of Education of South Korea, joining leaders from the private and nonprofit sectors. Global organizations and top academic institutions were also represented, including the World Bank, International Labor Organization (ILO), World Economic Forum (WEF), United Nations Development Program (UNDP), and UNICEF, as well as Microsoft, Google for Education, Apple Academy, University of Chicago's Harris School of Public Policy and London Business School. The conference served as a dynamic platform for fostering collaboration and innovation in addressing the challenges of a rapidly changing labor market. Speaking at the conference, Dr. Majid bin Abdullah Al-Kassabi, Minister of Commerce said: 'Saudi Arabia today is moving…from ambition to action. Vision 2030 is no longer a roadmap, it's no longer a blueprint. It's transformation in motion, reflecting the ambitions of the Kingdom's leadership and reaffirming Saudi Arabia's commitment to building a prosperous future for its people and strengthening its leadership on both regional and global fronts'. During his opening remarks on the second day of the conference, H.E. Eng. Ahmed bin Sulaiman AlRajhi, Saudi Minister of Human Resources & Social Development, said: 'Throughout history, progress has been driven by those willing to adapt, to innovate, and to embrace change. Today we find ourselves at a time when human capital is not a subset of economy and fiscal policy, it is the defining variable of global prosperity'. In his closing address, H.E. Yousef Al-Benyan, Minister of Education said: 'Throughout this conference, we engaged in powerful dialogues and shared innovative insights that underscore the extraordinary potential within every individual. HCI 2025 demonstrated that sustainable human capability development and meaningful impact require cross-sector partnerships, collective responsibility, and strategic alignment across governments, private sectors, academic institutions and civil society'. HCI hosted a ministerial roundtable, bringing together international human capability development officials alongside leading international experts in education and technology, as well as representatives from local and international organizations. The discussion centered on the theme 'AI Skills for All', which delved into strategies to ensure equitable access to this transformative technology. The conference also marked the launch of the 'Future Skills Initiative' by H.E. the Minister of Commerce and Chair of the Economic and Social Committee of the Saudi–UK Strategic Partnership Council. This initiative seeks to foster the exchange of expertise to cultivate future-ready skills across 13 high-potential sectors. The launch was attended by 40 government officials and 100 business leaders from Saudi Arabia and the United Kingdom. This year's agenda focused on pioneering innovative learning models to equip individuals with the skills and knowledge needed to thrive in an evolving labor market shaped by rapid technological advancements, particularly in artificial intelligence (AI). At the conclusion of the conference, the Minister of Education and Chairman of the Executive Committee of the Human Capability Development Program, alongside Eng. Anas Al-Mudaifer, CEO, and Dr. Bedour Alrayes, Vice President of the Human Capability Development Program (HCDP), extended their gratitude to HCI partners across the public, private, and nonprofit sectors – both within the Kingdom and globally – for their contributions to the event's success. The conference also provided speakers and delegates the chance to engage in Saudi culture, with the venue offering musical performances, traditional craft workshops and the taste of world-famous Saudi coffee. About Human Capability Initiative (HCI): The Human Capability Initiative (HCI) is the first global cooperative platform designed to unify international efforts and enrich global dialogue on the challenges and opportunities for developing human capabilities. Organized by the Human Capability Development Program – a part of the Vision 2030 realization programs – in partnership with Ministry of Education, HCI unites government entities, the private sector, and nonprofit organizations to foster collaboration and drive innovation in the realm of human capabilities. The conference took place on 13 – 14 April, 2025 at the King Abdulaziz International Conference Center in Riyadh under the theme 'Beyond Readiness'. About Saudi Vision 2030: Under the leadership of the Custodian of the Two Holy Mosques, Saudi Vision 2030 was launched by His Royal Highness Prince Mohammed bin Salman Al Saud, Crown Prince, and Prime Minister, with a roadmap to build Saudi Arabia's prosperous and bright future through a vibrant society, a thriving economy, and an ambitious nation.
