The conference, scheduled by the Culture Department under Prince Bin Salman Binman Binman Binman Binman Binman Bin Manal Man Sav, Crown Prime and Premier, highlighted popularity.
Abdulmohsen Alhulini, CEO Fund Development CEO said: “As a brightly-language center and the Customs Development Center, a Custom Development Fund is valid to strengthen the integration of private companies and long-term growth.
Saudi Funding
“Agreement agreements during cultural investment conferences reflect our commitment to develop community-based communication systems and funding models that change new money from the culture.
“This commitment to comment on building a prosperous competitor’s cultural culture, creates opportunities for investing and jobs, and contributes to continuous development.
“These efforts are accompanied by the National Customs Strategy
The pronouncements cover the investment plans and finances, including the establishment of three new investment fees, with the CDF that acts as an Acharian.
The first, SR375M ($ 100m) Saudi Film Fund, you see a CDF partner with BSF Capital as Anchor Investor. SR300M ($ 80m) Fashion Investment Fund, was developed in conjunction with Merak Capital, is the first fund for the original fashion.
The state has invested money on cultural goods
The third bag, which is set for SR850m ($ 227m), was established by the cultural Assert Group and was supported by SR200M ($ 53m) from the CDF as part of its work to enable growth in culture.
Cultivural Assers Group Fund will invest in view, fashion, digital content, experience, and emerging technology – to attract foreign economic growth.
Saudi film bag, managed by BSF Capital, we will invest in high film projects and studies both in Saudi Arabia and other countries.
It aims to promote film film infrastructure and increase their international access in partnership with the leading company of the world.
Fashionable planting fund, held by Merak Capital, will support local and regional companions and provide the world’s ability to sustain the sustainable saud.
Financial and Finance Film
On the financial side, the CDF has introduced a borrower, first of its form in the cultural sector, in partnership with five earlier financial centers.
At the same time, he introduces five products to funding from “Cultural Finance”:
- Available fees
- Loan Raking Upon Cash
- Bridge loan
- Central and long-term loan
- Micro lending
The fund signed a three-local banking agreements to increase the access “of cultural finances, providing traditional options” in reverse financial options associated with their needs and to increase improvements across the price.
Without investment and financial investment, the CDF issued its investment in Iraugural, Saudi Arabia Cultural Market 2025: Vision, impact, emphasizing customs of cultural and CDF.
It also launched a digital investment platform to help local and international businesses consider the chances of the cultural market in Saudi Arabia.
These programs were supported by new community and private relationships. The CDF signs the Memorandum of understanding with the Customs Department, the Department of Investment, Sparkabs, and Asyad Holdings to promote the development of the Sector.
It also signed the collective agreement with the Royal Commission on the Royal Ark, the MBC Group, the Rotana Studios, and Saudi Coffer company to drive the stable and increase the effect of economic and social economic.
