HRDF Formation and Organizational Relevance
The Human Resources Development Fund (HRDF) was established by Council of Ministers No. 107 dated 29/04/1421 AH with the aim of supporting efforts to rehabilitate and employ the national workforce in the private sector. In order to achieve its goals, HRDF may:
HRDF is also linked to the National Development Fund, which was established by Royal Decree No. A/13 dated 13 Muharram 1439 A.H., corresponding to 4 October 2017, and enjoys legal personality and financial and administrative independence, and is organizationally linked to the Prime Minister. NDF aims to raise the performance level of the funds and associated development banks, so that they can achieve the desired objectives and keep up with the priorities of development and economic needs in light of the goals and pillars of Saudi Vision 2030.
- Provide subsidies for the qualification, training and employment of the national workforce in the private sectors.
- Participate in the costs of qualifying and training the national workforce for jobs in the private and sectors. HRDF Board determines the proportion of such participation, and the remainder is paid by the employer benefiting from the trainee's qualification.
- Set aside a percentage of the salary of those employed in private sector establishments, after rehabilitation and training, as well as those employed in these establishments in coordination with HRDF, and the employer pays the remaining percentage of the salary. This percentage shall be borne by HRDF for a period not exceeding two years, and the Board shall establish the necessary conditions for its disbursement.
- Support the financing of field programs, projects, plans and studies aimed at recruiting Saudis and replacing expatriate workers.
- Provide loans to the establishment for the rehabilitation and training of the national private labor force established in the Kingdom, existing establishments for the purpose of expanding their activity or introducing modern methods to them.
- Carry out research and studies on its activities in the field of rehabilitation, training and employment of the national labor, as well as to provide technical and administrative advice to the national labor force rehabilitation and training establishments.
HRDF is also linked to the National Development Fund, which was established by Royal Decree No. A/13 dated 13 Muharram 1439 A.H., corresponding to 4 October 2017, and enjoys legal personality and financial and administrative independence, and is organizationally linked to the Prime Minister. NDF aims to raise the performance level of the funds and associated development banks, so that they can achieve the desired objectives and keep up with the priorities of development and economic needs in light of the goals and pillars of Saudi Vision 2030.
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