Source Credit: India.com
Indian employment in Saudi Arabia has increased dramatically, with 2.65 million (26 lakh 50 thousand) employed for the fiscal year 2023–2024. This is an increase of 200,000 workers, which reflects a gain in the number of Indian expatriates in the nation of around 10% from 400 in 2019 to over 3,000 in 2023.
The number of registered Indian businesses doing business in Saudi Arabia has also increased significantly, with total investments approaching $3 billion as of August 2023. During this time, India and Saudi Arabia's bilateral commerce reached $43.3 billion, demonstrating the two countries' growing economic partnership.
By working in the fields of construction, IT, healthcare, telecommunications, and green energy, Indian laborers are significantly influencing Saudi Arabia's contemporary infrastructure. For qualified individuals, the Vision 2030 project has created new opportunities in developing fields with the goal of lessening the Kingdom's reliance on oil.
Takamol Holding of Saudi Arabia and the National Skill Development Corporation (NSDC) of India have partnered to give training in 65 professional skills in an effort to promote workforce integration. Indian workers are anticipated to benefit from this program by having better employment opportunities and finding it simpler to get employment in Saudi Arabia's changing economy.
