Riyadh – 29 September 2025 | BETH

During the Cultural Investment Conference 2025, held at the King Fahd Cultural Center in Riyadh, the Cultural Development Fund announced the launch of the Kingdom’s first-ever Co-Lending product, in partnership with the private sector, with a financing volume exceeding SAR 1 billion.

🔹 Empowering Cultural Projects
The new product provides flexible financing solutions designed to empower projects and entrepreneurs across various cultural sectors, supporting their growth and expansion through collaboration with leading financial institutions in the Kingdom.

🔹 An Innovative Collaborative Model
This co-lending mechanism combines resources from the Fund and private financial institutions, multiplying the impact of financing, expanding access to SMEs, and encouraging private sector investment into the cultural economy.

🔹 A Pivotal Role in Sustainability
The Cultural Development Fund positions itself as a hub for financial excellence and empowerment, introducing innovative solutions that aim to:

Boost the cultural sector’s contribution to GDP.

Ensure sustainable growth of creative projects.

Generate new job opportunities for Saudi youth.

Strengthen the Kingdom’s standing as a regional hub for cultural investment.

This milestone aligns with the National Culture Strategy and the broader ambitions of Saudi Vision 2030, which aim to position culture as a key driver of economic diversification and social development.