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RIYADH, Saudi Arabia, Oct. 28, 2021 /PRNewswire=KYODO JBN/ --

At the Future Investment Initiative (FII) in Riyadh today, Vice Minister for

Culture, His Excellency Hamed bin Mohammed Fayez, highlighted an impressive

list of over 100 cultural initiatives, engagements and events taking place in

the Kingdom before the end of the year.

The vibrant and varied schedule includes many events led by the 25 cultural

institutions the Ministry of Culture has launched since its inception three

years ago.

During the panel appearance, H.E. Fayez said that Saudi culture is being

uncovered and energized at an unprecedented scale and pace, that the Kingdom's

ambitions are presenting many opportunities for both the local and

international private sector, and that Saudi Arabia is already actively

contributing to the global creative industry.

"This is an exciting time for culture in Saudi Arabia. In the coming weeks

alone, we will host our first major international film festival, our first art

biennale and international festivals like Fashion Futures and MDLBeast," said

H.E. Fayez. "These events flow from the Kingdom's steady progress to nurture

creativity and create a vibrant cultural economy in the Kingdom."

In other signs of rapid progress and newfound ambition, the Ministry has

developed a strategy that will open new cultural investment opportunities

through PPPs or joint ventures, bolster the infrastructure around creative

industries, and ease regulation to allow businesses to thrive. Coupled with

growing demand for culture across the Kingdom, the changing Saudi cultural

landscape has already caught the eye of international investors.

H.E. Fayez was quick to point out that the Ministry's role was not limited to

the promotion of the creative industries inside the Kingdom but also to

increasing and improving the quality of culture exchange with its global peers.

"I am deeply proud of the Kingdom successfully campaigning for culture and the

creative industries to be formally part of the conversation at the G20," said

H.E. Fayez during his panel discussion. "It started during Saudi's presidency

last year and has continued, which means we have ensured culture has a

permanent place in G20 considerations and is part of the global economic

agenda."

For further enquiries email media@moc.gov.sa

Photo - https://mma.prnewswire.com/media/1673098/Ministry_of_Culture.jpg

Source: Ministry of Culture of Saudi Arabia