Finance officials meet to map out Saudi Arabia’s budget plans

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Saudi Minister of Finance Mohammed Al-Jadaan addressing the Budget Forum 2020 at the InterContinental Hotel in Riyadh on April 18, 2019. (SPA)
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Participants attending the Budget Forum 2020 at the InterContinental Hotel in Riyadh on April 18, 2019. (SPA)
Updated 19 April 2019

Finance officials meet to map out Saudi Arabia’s budget plans

  • Finance representatives of 150 government bodies meet for the Budget Forum 2020

RIYADH: Saudi finance chiefs have kicked off a major conference in the capital aimed at mapping out the Kingdom’s budget requirements.
Around 300 specialists representing 150 government bodies met at the InterContinental hotel in Riyadh for the Budget Forum 2020.
Minister of Finance Mohammed Al-Jadaan welcomed delegates to the second edition of the gathering organized by the Saudi Finance Ministry under the slogan “Partnership and Empowerment.”
Al-Jadaan said the ministry was focused on “partnership and commitment,” and sought to share the challenge of developing an effective budget to achieve the Kingdom’s ambitious goals.
“We are also committed to empowering financial leaderships to learn about the ministry’s programs and projects and provide training and qualification opportunities to the best international standards,” he added.
The finance chief said the budget planning process required the collaboration of multiple authorities and a clear strategy based on transparency. 
Items up for discussion at the forum included financial planning in governmental bodies, automation, and the promotion of revenues and efficient spending.
Finance Ministry steering committee chairman, Abdul Aziz bin Saleh Al-Freih, stressed the importance of the forum in getting the ball rolling at an early stage on formulating a general state budget.
Workshops were held on the sidelines of the conference focused on empowering government organizations, and a training program on financial planning and income estimations was also staged.


E-visa service makes it easier than ever for Saudis to visit India

A plane is seen at the taxiway after landing at Kochi's International airport in the Indian state of Kerala on August 29, 2018. (AFP)
Updated 26 January 2020

E-visa service makes it easier than ever for Saudis to visit India

  • The cost of a one-year, multiple-entry tourist visa was reduced from $80 to $40, while a five year, multiple entry tourist visa costs $80

RIYADH: The introduction last year of an online “e-visa” service for Saudi nationals who want to visit India was an important development in the growing relationship between the nations.
The system, announced during a state visit by Crown Prince Mohammed bin Salman to India in February last year, was launched on June 17.
It allows Saudi citizens to apply online for tourist, business, medical and conference visas. In addition, fees were reduced and longer-term visas were introduced.
A short duration, one-month visa for tourists, with double entry, costs $10 between April and June and $25 the rest of the year. The cost of a one-year, multiple-entry tourist visa was reduced from $80 to $40, while a five year, multiple entry tourist visa costs $80.
The other types of e-visa available to Saudi nationals, all of which cost $80, are: Business visa (valid for a year, multiple entry), conference visa (valid for 30 days, single entry), and medical visa and medical attendant visa (both of which are valid for 60 days, triple entry).

BACKGROUND

In addition to the e-visa system, traditional paper visas are still available from the Indian Embassy, and the time taken to process them for Saudi nationals has been reduced to two working days.

For more information about e-visas for Saudi citizens, and to apply for one, visit https://indianvisaonline.gov.in/evisa/tvoa.html. Applications must be made at least four days before the planned date of travel.
In addition to the e-visa system, traditional paper visas are still available from the Indian Embassy, and the time taken to process them for Saudi nationals has been reduced to two working days. Last year, 19,116 e-visas and 18,598 paper visas were issued to Saudis.