Partnerships to Enable 356 Citizens in the Electric Vehicle
As part of the pivotal role of the industrial sector in achieving Saudi Vision 2030—being one of the key drivers of economic diversification, reducing reliance on oil, and supporting the Kingdom’s aspirations to become a leading industrial power—the Human Resources Development Fund has signed three employment-linked training agreements. These agreements aim to qualify and empower 356 Saudi citizens, with total support exceeding 68 million SAR. The signing took place on the sidelines of the United Nations Industrial Development Organization (UNIDO) General Conference organized by the Ministry of Industry and Mineral Resources in Riyadh, under the patronage of His Excellency the Minister of Industry and Mineral Resources, Mr. Bandar bin Ibrahim AlKhorayef.
The agreements include specialized training programs both within the Kingdom and in the People’s Republic of China, with the goal of equipping national talent in the industrial sector and enhancing their capabilities through high-quality training in rare and in-demand industrial specializations needed in the labor market. HRDF signed the agreements with Lenovo Innovation and Technology in partnership with Alat Company (a Public Investment Fund company), Hyundai Middle East, and the National Automotive and Vehicles Academy (Nava). The agreements aim to contribute to the costs and stipends of employment-linked training programs in the electric vehicle industry and the advanced electronics manufacturing sector. This ensures the quality of training programs, enhances the readiness and competitiveness of the national workforce, and empowers them in promising and critical specializations in the labor market.
This collaboration comes at a time when the industrial sector is witnessing strong growth. Non-oil industrial production increased by 5.3% in 2024, while the Industrial Production Index (IPI) rose by 2.1%. The industry and logistics sector added approximately 263 billion SAR to the non-oil GDP in 2024. The Kingdom aims to increase industrial GDP to 1.4 trillion SAR and attract more than 1 trillion SAR in investments to develop the industrial sector—enhancing local production of value-added goods and creating hundreds of thousands of new jobs that support human development and empower national talent.
These agreements reflect the Fund’s strategic role in preparing national talent and equipping them with future skills, contributing to supplying promising and vital economic sectors with qualified national cadres. This supports the growth and sustainability of these sectors and strengthens the Kingdom’s direction toward diversifying income sources and creating added value across various sectors, in line with the goals of Saudi Vision 2030 and enhancing the Kingdom’s competitiveness regionally and globally.
