CDF Highlights Importance of Investing in Culture at FII Global Priority Summit

Saturday 1444/9/10 - 2023/04/01
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Miami, Florida, April 1, 2023, SPA -- The Cultural Development Fund (CDF) of the Kingdom of Saudi Arabia successfully concluded its participation in the Global Priority Summit in Miami, Florida, United States of America.
The CDF was present at the summit as a strategic partner of the Future Investment Initiative (FII) Institute, which hosted the meeting as
part of a series of global events to encourage open dialogue to uncover the top priorities in the minds and hearts of individuals from all walks of life.
During the summit, CDF highlighted its role as an enabler of Saudi Arabia’s cultural sector, underlining the importance of investing in cultural businesses and projects. The fund also emphasized the importance of integration between investors and the government in invigorating the Saudi cultural scene, together with the significant role of sustainable and effective investments to drive economic growth and improve the quality of life in the Kingdom.
In a fireside chat titled "Inspiring Visionaries Through Investment," Najla Al-Nomair, the Chief Strategy and Business Development Officer at CDF, discussed how Saudi Arabia’s competitive advantages from cultural diversity, creative and young human capital, and the government support the sector, making the Kingdom an attractive cultural and entertainment investment opportunity, and increasing the entertainment and cultural offerings in line with the objectives of Saudi Vision 2030.
During the discussion, Al-Nomair explained how CDF’s latest offering, the new Film Sector Financing Program, will help kickstart the Saudi film sector and create a regional film hub in the Kingdom, which will ultimately help contribute to achieving socioeconomic and cultural development. She also highlighted CDF’s role in enabling creativity and cultural development through partnerships with other entities to promote the private and nonprofit sectors’ contribution and support the creation of a growing creative cultural ecosystem.
The CDF’s strategic partnership with the FII Institute started last year. It encompassed participation in a series of global events to build a global platform to discuss the importance of investing in humanity.
04:08 LOCAL TIME 01:08 GMT