Cultural Development Fund to Support 5 Enterprises Worth over SAR63 Million

   Riyadh, December 11, 2025, SPA -- The Cultural Development Fund (CDF) signed five credit facility agreements under its Cultural Financing Program, with a total value exceeding SAR63 million, to finance cultural projects.
   The agreements were concluded during the Development Finance Conference MOMENTUM 2025, organized by the National Development Fund (NDF) at the King Abdulaziz International Conference Center in Riyadh, held under the patronage of His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister.
   The credit facilities aim to support the growth of a select group of cultural projects targeting four cultural sub-sectors:  architecture and design arts, theater and performing arts, music, and visual arts.
   The projects focus on several areas, including strengthening cultural sector infrastructure by establishing a music institute and developing a creative complex, in addition to providing supporting services for the sector and developing national talents and capabilities.
   -- SPA