
September 30, 2025 – Riyadh, Kingdom of Saudi Arabia
The Cultural Assets Group has announced the launch of a private, closed-end investment fund dedicated to the cultural sector in Saudi Arabia, with a total capital of SAR 850 million, including SAR 200 million in financing from the Cultural Development Fund (CDF). The announcement was made during the Cultural Investment Conference 2025, held in Riyadh on September 29–30.

Abdullah Al Saud
Virtual
Minister of Culture and Governor of the
Royal Commission for AlUla, Kingdom of
Saudi Arabia
The fund will invest across a diverse range of cultural fields, including visual arts, fashion and cultural retail, digital content and experience design, interactive media and production, and emerging technologies. It aims to drive the sustainable growth of the creative economy, support the global expansion of local cultural companies, and localize intellectual property and advanced technologies through strategic acquisitions and partnerships with leading international firms.

Bandar Al-Saud
Ambassador of Kingdom of Saudi
Arabia to the United States of
America
By applying global best practices in asset management and investment diversification, the fund seeks to enhance the appeal of the Kingdom’s cultural sector and strengthen its contribution to the national economy.

Minister of Economy and Planning,
Kingdom of Saudi Arabia
This launch marks a significant milestone in unlocking new economic opportunities and expanding private sector involvement in cultural development.