Saudi Arabia Investing In 100 Cultural Initiatives

Saudi Arabia’s vice minister for culture Hamed bin Mohammed Fayez says his country is highlighting 100 cultural initiatives, engagements, and events before yearend, Deutsche Presse-Agentur (dpa) reported.

Photo Insert: A skyline night shot of Riyadh

Fayez said the kingdom has invested in many events and has launched 25 cultural institutions in the last three years. Fayez said Saudi Arabia is luring the global creative industry to consider the kingdom as its hub.

"This is an exciting time for culture in Saudi Arabia. In the coming weeks alone, we will host our first major international film festival, our first art biennale and international festivals like Fashion Futures and MDLBeast," said Fayez.

"These events flow from the Kingdom's steady progress to nurture creativity and create a vibrant cultural economy in the Kingdom."

In other signs of rapid progress and newfound ambition, the ministry has developed a strategy that will open new cultural investment opportunities through joint ventures, bolster the infrastructure around creative industries, and ease regulation to allow businesses to thrive.

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