The 'Job Status Correction Fair' is being organised by Riyadh Chamber of Commerce in Riyadh from June 22-26.
The main aim of the event is to give a chance to those workers who have been affected by the new Nitaqat law which makes it mandatory for local firms to hire one Saudi national for every 10 migrant workers.
Indian expatriates have been badly hit by the law, with several of them losing jobs. Over two million Indians are currently working in Saudi Arabia.
A significant number of Indian workers have already availed these offers and are in the process of changing their company or job, the statement added.
"Indian nationals who have not corrected their job status till date are urged to avail this opportunity at Riyadh Exhibition Center," the embassy added.
At the Indian stall, documents of those wanting to obtain new passports will be checked at the counters.