India becomes second beneficiary of Saudi visa program for skilled workers

Indian electricians are among those set to benefit from the scheme (Shutterstock)
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Updated 29 December 2022
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India becomes second beneficiary of Saudi visa program for skilled workers

RIYADH: Indian plumbers, electricians, and welders are among a select group of workers who will soon be able to take part in a new pilot programme to secure a visa to work in Saudi Arabia.

According to the Saudi Press Agency, the Kingdom’s Ministry of Human Resources and Social Development has announced plans to launch the Skill Verification scheme in India, making the South Asian country the second beneficiary of the program for skilled workers after it was rolled out in Pakistan in September.

The program’s pilot phase is set to kick off in the country’s capital New Delhi, as well as the largest city and commercial capital Mumbai, and will also include refrigeration and air conditioning technicians, and automobile electricians.

Under the program, examination centers will conduct written and practical tests for skilled workers in India before they could apply for a Saudi work visa to verify that they are capable of working in the profession they were recruited for.

This comes as the MHRSD aims to raise the professional competency of skilled workers in the Saudi employment market.

In turn, this will also elevate productivity, the quality of their work, and bring down the inflow of unqualified workers into the labor market.

Amid efforts to further develop the skills of the workforce in line with international standards and in order to meet domestic demand in the labor market, the MHRSD is eyeing 23 specializations by the near future.

The Skilled Verification Program was launched back in March 2021 by the MHRSD in partnership with the Ministry of Foreign Affairs and the Technical and Vocational Training Corporation to guarantee the proficiency of skilled workers in the Saudi labor market.

It aims to make the Saudi labor market more attractive by granting foreign workers the right to change jobs and leave the country without employers’ permission.

Saudi Arabia is seeking to boost its private sector, part of an ambitious plan to diversify its oil-dependent economy. The country’s Vision 2030 reform plan is a package of economic and social policies designed to free the Kingdom from reliance on oil exports.


Closing Bell: Saudi main index rises to 10,894

Updated 13 January 2026
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Closing Bell: Saudi main index rises to 10,894

RIYADH: Saudi Arabia’s Tadawul All Share Index extended its upward trend for a third consecutive day this week, gaining 148.18 points, or 1.38 percent, to close at 10,893.63 on Tuesday. 

The total trading turnover of the benchmark index stood at SR6.05 billion ($1.61 billion), with 144 listed stocks advancing and 107 declining. 

The Kingdom’s parallel market Nomu also rose by 81.35 points to close at 23,668.29. 

The MSCI Tadawul Index edged up 1.71 percent to 1,460.89. 

The best-performing stock on the main market was Zahrat Al Waha for Trading Co., with its share price advancing 10 percent to SR2.75. 

Shares of CHUBB Arabia Cooperative Insurance Co. increased 8.27 percent to SR23.04, while Abdullah Saad Mohammed Abo Moati for Bookstores Co. saw its stock climb 6.17 percent to SR50.60. 

Conversely, the share price of Naseej International Trading Co. declined 9.90 percent to SR31.48. 

On the announcements front, Arabian Drilling Co. said it secured three contract extensions for land rigs with energy giant Saudi Aramco, totaling SR1.4 billion and adding 25 active rig years to its backlog. 

In a Tadawul statement, the company said one rig is currently operational, the second will begin operations by the end of January, and the third — currently suspended — is expected to resume operations in 2026. 

Since November 2025, Arabian Drilling has secured seven contract extensions amounting to SR3.4 billion, representing 55 committed rig years. 

The three contracts have durations of 10 years, 10 years, and five years, respectively.

“Securing a total of SR1.4 billion in new contracts and expanding our backlog by 25 rig-years demonstrates both the trust our clients place in us and our ability to consistently deliver quality and reliability,” said Ghassan Mirdad, CEO of Arabian Drilling, in a statement. 

Shares of Arabian Drilling Co. rose 3.15 percent to SR104.70. 

Separately, Alkhorayef Water and Power Technologies Co. said it signed a 36-month contract valued at SR43.35 million with National Water Co. to operate and maintain water networks, pumping stations, wells, reservoirs, and related facilities in Tabuk. 

In October, Alkhorayef Water and Power Technologies Co. announced it had been awarded the contract by NWC. 

In a Tadawul statement, the company said the financial impact of the deal began in the fourth quarter of 2025. 

The share price of Alkhorayef Water and Power Technologies Co. declined 0.49 percent to SR120.70.