Saudi Arabia’s Ministry of Investment, Cultural Development Fund sign MoU on cultural investment

Riyadh, September 30 (Saudi Arabia Breaking News) – The Ministry of Investment signed a memorandum of understanding (MoU) with the Cultural Development Fund to explore cooperation in cultural investment and attract international companies to the Kingdom’s cultural sector.

The agreement was signed during the Cultural Investment Conference at the King Fahd Cultural Center in Riyadh.

The MoU aims to strengthen collaboration in identifying investment opportunities and developing initiatives to draw leading international companies into Saudi Arabia’s cultural industries. Officials said the partnership is designed to enhance competitiveness and expand the cultural sector’s contribution to the national economy.

The Cultural Development Fund said the agreement aligns with its role as a center of financial empowerment, supporting the creation of an attractive environment for both local and international investors. The initiative also supports Saudi Vision 2030 objectives to position culture as a driver of economic growth and a foundation for sustainable development.