Saudi Human Resources Development Fund

HRDF focuses efforts on raising the skills of national human resources, equipping them with knowledge, qualification, and adapting them to the needs of the labor market and jobs.

Human Resources Development Fund

صندوق تنمية الموارد البشرية
Agency overview
Formed	31 July 2000; 24 years ago (2000-07-31)
Headquarters	Riyadh, Saudi Arabia
Agency executive	Ahmed Al-Rajhi, Chairman
Website	www.hrdf.org.sa

History and Establishment:

The Human Resources Development Fund (HRDF) was established by Council of Ministers Resolution No. (107), dated 29/04/1421 AH, with the goal of supporting the training and employment of the national workforce in the private sector.

HRDF is also linked to the National Development Fund (NDF), established by Royal Decree No. (A/13) on 13 Muharram 1439 AH (October 4, 2017). NDF is an independent entity, both financially and administratively, and reports to the Prime Minister. Meanwhile, the NDF aims to enhance the performance of the development funds and banks under its umbrella, ensuring they fulfill the objectives for which they were established. It seeks to align their efforts with national development priorities and economic needs, in line with the goals and pillars of Saudi Vision 2030.

HRDF Vision

Building a sustainable national workforce in the Kingdom of Saudi Arabia.

Mission

HRDF focuses efforts on raising the skills of national human resources, equipping them with knowledge, qualification, and adapting them to the needs of the labor market and jobs, while adopting an approach that puts the results achieved for the beneficiary as a focus in designing and providing work and services. It also seeks to improve the human resources system in KSA through the application of visions, drawing future directions for the labor market, and providing services to beneficiaries within a focused package of programs that takes into account the needs of the beneficiary and meets his requirements.

HRDF Objectives

The Fund aims to support efforts to train and employ the national workforce in the private sector, and to achieve its objectives, it is authorized to undertake the following:

• Provide financial support for training, qualifying, and employing Saudi nationals in the private sector.
• Contribute to the costs of training the national workforce for private sector jobs. The HRDF Board determines the percentage it covers, while employers pay the remaining amount.
• Cover a portion of the salary for those hired in private sector companies after being trained or hired in coordination with HRDF. Employers cover the rest.This support is provided for up to two years, based on conditions set by the Board.
• Support field programs, projects, and studies aimed at increasing Saudi employment and replacing expat labor.
• Offer loans to training institutions established in the Kingdom or to existing companies looking to expand or modernize their operations.
• Conduct studies related to training, qualification, and employment, and provide technical and administrative consulting to relevant institutions.