Human Capability Development Program Launches Human Capability Initiative Insight Report 2024

On the United Nations World Youth Skills Day, the Human Capability Development Program (HCDP), a Vision 2030 Realization Program, announced in a press release issued today that it launched the Human Capability Initiative (HCI) Insight Report 2024. The HCI Insight Report synthesizes the main takeaways from over 100 dialogue sessions held during the HCI conference in February 2024, which was hosted under the Patronage of His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince, Prime Minister, and Chairman of the Human Capability Development Program Committee.

The 2024 edition of the report, said the release, emphasizes how human capability plays a critical role in driving future productivity and economic growth. It addresses the opportunities and challenges facing human capabilities in light of global changes, the importance of the skills required for the future global labor market, and the policy solutions to mitigate these challenges.

Furthermore, it emphasizes the development of resilience and adaptability in an ever-changing labor market and building quality education systems to support knowledge and skills development. The Report serves as a valuable reference for practitioners, policymakers, business leaders, and individuals supporting the enhancement of the human capability development system.

HCDP CEO Eng. Anas AlMudaifer said in the release, “The HCI Insight Report highlights five key policy recommendations for actionable progress towards human capability development. They include: Invest in education and training, Support lifelong learning, Adopt flexible labor practices, Strengthen social supports, and Utilize data-driven policymaking. In collaboration with our partners, HCDP will continue to promote and advance the agenda for human capabilities development.”

Deputy Minister for Skills and Training at the Ministry of Human Resources and Social Development, Dr. Ahmed Alzahrani, who was one of the session speakers, stated that: “The HCI Insight Report emphasizes the important role skills, education, and training play in enabling success in uncertain job markets. These insights are aligned with Vision 2030 and the emphasis placed by the government towards enhancing alignment between education and labor market needs.”

UNICEF Area Representative for the Gulf, Eltayeb Adam, praised the efforts of the HCDP in launching the HCI Insight Report. He said: “UNICEF believes in the power of continuous dialogue to develop every child’s capability in KSA. The report addresses the importance of investing in early childhood as a vital aspect of capacity development, laying the foundations for lifelong learning, health, and productivity. Early interventions help develop cognitive, social, and emotional skills, leading to improved learning outcomes, economic development, and the preparation of a skilled workforce, thereby enhancing economic growth and community well-being.”

Panel discussions were also organized during the launch event with experts from the Ministry of Education, the Ministry of Human Resources and Social Development, the United Nations International Children’s Emergency Fund (UNICEF), the United Nations Development Program (UNDP), PricewaterhouseCoopers Middle East (PwC), Oliver Wyman, Kearney, and IE Business School. The event also hosted prominent Saudi models competing globally in panel discussions to highlight their important roles and impactful contributions globally in various fields.

According to the release, a hundred and fifty participants attended the launch event, titled “Shaping Our Capabilities for a Thriving Tomorrow,” hosted by King Abdullah Petroleum Studies and Research Center (KAPSARC). The HCI Insight Report 2024 was developed with contributions from the United Nations Children’s Fund (UNICEF), the United Nations Development Program (UNDP), PricewaterhouseCoopers Middle East (PwC), Oliver Wyman, Kearney, and IE Business School, with research support from King Saud University and Princess Nourah bint Abdulrahman University.