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Showing posts with the label Close skills gaps

Synergy and scale: Driving sustainable development through private sector-led Centres of Excellence - The Saudi model.

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   This dynamic session explores how Saudi Arabia is harnessing private-sector leadership to develop Centres of Excellence (CoEs) that accelerate innovation , close skills gaps , and drive sustainable industrial transformation . Featuring a TED-style talk and a high-level panel, it highlights how Saudi CoEs, anchored by partnerships between government, industry and investors, are shaping future-ready economies. Related Sites and Documents;  Global Industry Summit . Watch the Synergy and scale: Driving sustainable development through private sector-led Centres of Excellence - The Saudi model! 01:53:16 Meetings & Events

Equipping the labour force.

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  As innovation accelerates and new technologies are used to address development challenges, the demand for employees with specialized technical skills is growing. The skill sets required for employment in modern industry are evolving quickly. Basic education in technical disciplines and in science, technology, engineering and mathematics (STEM) is often the entry point for these roles. China and India currently lead in STEM education , producing over 5 million STEM graduates annually, followed by the United States and Russia. There is also a growing demand for specialized, flexible, high-level training beyond traditional formal education . Foundational skills in STEM must be translated into competencies required to operate the modern, digitalized shop floors of factories. This requires close collaboration between firms and the educational institutions, including on-the-job training, demonstrations, and opportunities for experimentation. Partnerships between universities and em...