Cairo, February 15, 2024, Advisor Turki bin Abdulmohsen Al Al-Sheikh, Chairman of the Board of Directors of the Saudi General Entertainment Authority (GEA), recently disclosed the launch of the Big Time Investment Fund. This groundbreaking fund has been established with the principal objective of elevating the caliber of Arabic content in the realms of film production, distribution, and manufacturing, and it will boast the involvement of distinguished artists from the Arab world.
Al Al-Sheikh underscored that the GEA will play a pivotal role as the primary sponsor of the fund, while the Ministry of Culture will act as a co-sponsor. Collaborating with the initiative are several specialized companies, including Sela Studio, SMC Company, Rotana Audio Visual Co., and Benchmark Company. He further elaborated that the initial phase of the fund will be dedicated to investments in significant Saudi, Gulf, and Arab films, highlighting its commitment to nurturing and promoting regional cinematic achievements.
The official announcement took place during Al Al-Sheikh's visit to Egypt, where he is engaged in a series of meetings with officials from both the public and private sectors. The purpose of these meetings is to cultivate and reinforce collaboration in the fields of entertainment and the arts between the two fraternal nations. This strategic move signifies a broader effort to strengthen cultural ties and foster a vibrant and interconnected artistic landscape within the Arab world.
