The Cultural Development Fund was established by Royal Decree No. (M/45) dated 23 Jumada al-Awwal 1442 AH, corresponding to January 6, 2021, as a developmental fund organizationally linked to the National Development Fund.
The fund was established with the aim of developing the cultural sector and achieving sustainability by supporting cultural activities and projects. This is to facilitate investment in cultural activities, enhance the sector's profitability, enable interested parties to engage in cultural businesses, and enable the fund to play an active role in achieving the objectives of the National Strategy for Culture and the Kingdom's Vision 2030.
The Fund supports the sixteen cultural sectors identified within the National Strategy for Culture through developmental programs with various financing mechanisms. These programs are designed to empower the cultural industries in various fields such as content creation and development, education and training, infrastructure support, dissemination and marketing of cultural outputs, operation of cultural facilities, and enabling digital transformation in the cultural sector. Additionally, we offer non-financial consulting services to all entities and individuals working in various cultural fields.
The Fund also seeks to activate the role of small and medium-sized enterprises in the cultural sector and establish effective strategic partnerships with various entities in the government, private, and non-profit sectors to achieve sustainable development and enhance positive impact on the cultural sector and its practitioners for the benefit of the state's economy and public interest.
We contribute to enhancing Saudi cultural production and creating developmental economic opportunities, leading to the development of the cultural scene and increasing appreciation of national culture locally and globally.
All of the above represents our role as a financial enabler for the cultural sector, working with stakeholders from both the cultural and developmental systems to achieve integrated roles.
The role of the Fund as a financial enabler for the cultural sector is achieved through collaboration with stakeholders from both the cultural and developmental systems to integrate roles.