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الاقتصادية
Saudi Cultural Fund reaches 2.5B riyals
The Saudi cultural sector has seen an investment support of 2.5 billion riyals since the establishment of the Cultural Fund in 2021, up to the end of the third quarter of 2026. These projects are expected to contribute an additional 5.3 billion riyals to the gross domestic product (GDP) and create over 13,800 jobs, with financial returns to the fund increasing by 10% during the third quarter of 2026. The private sector has accounted for 64% of the support, approximately 1.6 billion riyals, reflecting the importance of partnership between the public and private sectors in financing cultural activities and encouraging investment in them. The aim of this support is to enhance the financial growth of cultural projects and empower entrepreneurs, with clear contributions to developing the creative economy and diversifying national income sources.
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