Saudi Arabia Launches SAR 850M Cultural Investment Fund
The Cultural Assets Group has unveiled a significant new investment fund, valued at SAR 850 million, aimed at bolstering Saudi Arabia's cultural economy. The fund was launched at the Cultural Investment Conference 2025 in Riyadh, highlighting culture's role in national identity and investment potential.
The fund, a private, closed-end investment company, is dedicated to supporting the Kingdom's cultural sectors. It aims to foster sustainable development and aid local companies' global expansion. This initiative aligns with the Ministry of Culture's efforts to enrich daily lives and develop the cultural economy.
The Cultural Development Fund (CDF), established in 2021, has already invested SAR 200 million. It focuses on diverse fields like visual arts, fashion, digital content, and emerging technologies. The CDF seeks to enhance the cultural sector's attractiveness and strengthen its economic contribution.
The Cultural Assets Group, the Kingdom's largest privately-owned cultural and creative group, is at the helm of this new fund. The launch at the Cultural Investment Conference underscores the growing recognition of culture as a strategic sector for Saudi Arabia's future.
