Saudi Arabia Launches SAR 850M Fund to Boost Cultural Economy
The Ministry of Culture in Saudi Arabia is boosting the country's cultural economy and enhancing daily life for citizens, residents, and visitors. A significant step was taken in September 2025 when the Cultural Assets Group launched an SAR 850 million investment fund at the annual Cultural Investment Conference.
The Cultural Assets Group aims to foster the sustainable growth of the creative cultural sector and aid local companies in expanding globally. The group launched a private, closed-end fund dedicated to cultural sectors in the Kingdom, with a total value of SAR 850 million. This fund is the largest of its kind in Saudi Arabia, reflecting the group's commitment to shaping the Kingdom's cultural future.
The fund received initial financing of SAR 200 million from the Cultural Development Fund (CDF), which was established in 2021 to enrich Saudi Arabia's cultural landscape. The CDF supports cultural activities and projects, and now, it is helping to localize intellectual property and advanced technologies by attracting and acquiring leading international companies. The fund will invest in various fields such as visual arts, fashion, digital content, interactive media, and emerging technologies.
The Cultural Assets Group's SAR 850 million fund, backed by the CDF, is set to transform Saudi Arabia's cultural economy. By investing in diverse cultural sectors and attracting international talent, the fund seeks to elevate the economic value of cultural and creative industries, leaving a lasting impact on the Kingdom's cultural landscape.
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