RIYADH: The first phase of the Riyadh Creative District is set to take shape after the King Abdullah Financial District Development and Management Co. signed a lease agreement with the Royal Commission for Riyadh City.
Under the deal, RCRC will lease three landmark buildings within KAFD to host RCD’s initial operations, positioning the district as a hub for media, cultural, and creative technology enterprises.
The initiative supports Vision 2030 objectives to transform Riyadh into a global center for innovation and culture. Launched under the patronage of Crown Prince Mohammed bin Salman, RCD seeks to unite Saudi and international talent to drive content creation, cultural exchange, and economic diversification.
Mohammed Al-Sudairy, acting CEO at KAFD DMC, said the agreement “highlights KAFD’s commitment to shaping the industries of tomorrow.”
He added: “By bringing together creative thinkers, business leaders, and cultural institutions in a single destination, we are opening doors for emerging talent and advancing Riyadh’s status as a global hub for creative and cultural innovation.”
