23 Hrs
Source:
الاقتصادية
Saudi Cultural Fund support reaches 2.5B riyals
Since its establishment in 2021 through the third quarter of 2026, the Saudi Cultural Fund has provided total support amounting to 2.5 billion riyals, aimed at strengthening the cultural sector and achieving tangible economic contributions. It is expected that the supported projects will add approximately 5.3 billion riyals to the gross domestic product and create more than 13,800 jobs, reflecting the impact of investment in cultural activities on the national economy. Additionally, the private sector has accounted for 64% of the total support, highlighting the importance of partnerships between the public and private sectors in financing and developing the cultural sector in the Kingdom.
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