Riyadh, October 07, 2024 — The Cultural Development Fund actively participated in the Riyadh International Book Fair, organized by the Literature, Publishing, and Translation Commission from September 26 to October 5 at King Saud University. This participation underscores the Fund's commitment as a key financial enabler within the cultural sector, with a mission to motivate, develop, and sustain cultural initiatives across Saudi Arabia.
At the fair, the Fund showcased a main pavilion where it highlighted the various financial and developmental services it offers to the cultural sector. The pavilion attracted numerous visitors, including writers, entrepreneurs, and other stakeholders interested in enhancing the cultural landscape of the Kingdom.
In addition to the main pavilion, the Cultural Development Fund operated a dedicated wing within the business zone of the fair. Here, it provided over 200 consultations to creators and entrepreneurs, offering valuable guidance on establishing cultural projects and supporting their growth and expansion. This initiative reflects the Fund’s commitment to nurturing the creative community and facilitating the success of cultural enterprises.
During the event, the Fund, in collaboration with the King Abdulaziz Center for World Culture (Ithra), announced the winners of the third edition of the Arabic Content Enrichment Initiative. Seventeen cultural projects were recognized for their outstanding contributions, with a total allocation of SAR 8.5 million designated for the winning projects across various cultural tracks. This partnership exemplifies the Fund's dedication to fostering cultural creativity and innovation in Saudi Arabia, helping to shape a vibrant and diverse cultural scene.