RIYADH: The Saudi Cultural Development Fund has signed five credit facility agreements under its “Cultural Financing” program, totaling over SR63 million ($16.7 million), to finance several cultural projects.
This took place during the Development Finance Conference Momentum 2025, organized by the National Development Fund at the King Abdulaziz International Conference Center in Riyadh.
These facilities aim to support the growth of a distinguished group of cultural projects targeting four sub-sectors: architecture and design, theater and performing arts, music, and visual arts.
These undertakings focus on several areas, including supporting the infrastructure of cultural sectors, such as establishing a music institute and a creative complex, in addition to providing support services and developing national talents and expertise.
It is worth noting that among the projects included in these credit facilities is the “Sifr Creative Group,” an innovative cultural destination that embraces creative individuals and provides a comprehensive environment for production and development.
