Saudi Ministry of Culture signs MoU with ASYAD Holding for cultural project in Riyadh
- SAUDI ARABIA BREAKING NEWS
- Sep 30
- 1 min read
Riyadh, September 30 (Saudi Arabia Breaking News) – The Ministry of Culture signed a memorandum of understanding (MoU) with ASYAD Holding Group, which leads a consortium including SparkLabs Saudi Arabia and Lamar Holding, to develop a landmark multi-use cultural site in Riyadh.
The agreement was signed in the presence of Minister of Culture Prince Bader bin Abdullah bin Farhan during the Cultural Investment Conference at the King Fahd Cultural Center.
The ministry said the MoU is part of its efforts to encourage private sector investment in culture and support projects that reinforce Riyadh’s position as a leading cultural destination.
