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CDF Announces 1st Cultural Financing of its Kind in Saudi Arabia

The Cultural Development Fund (CDF) logo
The Cultural Development Fund (CDF) logo
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CDF Announces 1st Cultural Financing of its Kind in Saudi Arabia

The Cultural Development Fund (CDF) logo
The Cultural Development Fund (CDF) logo

The Cultural Development Fund (CDF) has announced Cultural Financing, the first program of its kind in Saudi Arabia to support and provide essential financing for projects and enterprises across 16 cultural sub-sectors.

The program seeks to drive sustainable growth of the cultural sector, amplify its creative output, and boost its contribution to the Kingdom’s gross domestic product (GDP), thereby driving national economic growth.

Cultural Financing has been designed to support the development of cultural enterprises through flexible, accessible, and competitive packages that maximize profitability while minimizing risks for both the cultural enterprises benefiting from the program and the local banking partners. The program finances micro, small, and medium-sized cultural enterprises, enabling them to launch and scale their operations through a range of financing products available for both short-term and long-term needs, CDF said in a statement.

"The Cultural Financing marks a new chapter in our mission to empower the cultural sector in collaboration with our local banking partners. This financing solution is designed to meet the diverse and evolving needs of the sector’s entrepreneurs and support their aspirations, reaffirming our commitment to building strategic partnerships with the private sector," said CDF Chief Executive Majed bin Abdulmohsen Al-Hugail.

"We look forward to seeing the positive ripple effects of this collaboration in revitalizing the cultural sector and, in turn, bolstering the national economy."
Thursday’s announcement follows the CDF's signing of partnership agreements with five local banks -- Al-Rajhi Bank, Alinma Bank, BSF, Arab National Bank (ANB), and Bank AlJazira -- to provide financing to cultural enterprises.
The partnerships underscore the vital role of the banking sector in the sustainable development of the cultural sector. They also reinforce the CDF's ongoing efforts to spur growth across various cultural sectors in the Kingdom and strengthen partnerships with the private sector to provide attractive financing solutions that support the cultural and creative sector and maximize its impact on economic development and job creation.

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Culture

Saudi Arabia, Syria Underline Depth of their Cultural Ties

Syrian President al-Sharaa receives the Saudi minister of culture and the accompanying delegation at the Conference Palace in Damascus on Thursday. (SPA)
Syrian President al-Sharaa receives the Saudi minister of culture and the accompanying delegation at the Conference Palace in Damascus on Thursday. (SPA)
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Saudi Arabia, Syria Underline Depth of their Cultural Ties

Syrian President al-Sharaa receives the Saudi minister of culture and the accompanying delegation at the Conference Palace in Damascus on Thursday. (SPA)
Syrian President al-Sharaa receives the Saudi minister of culture and the accompanying delegation at the Conference Palace in Damascus on Thursday. (SPA)

Saudi Arabia and Syria underlined the strength of their cultural relationship during high-level meetings held in Damascus on Thursday, on the sidelines of the opening of the Damascus International Book Fair 2026, where the Kingdom is participating as guest of honor.

Syrian President Ahmad al-Sharaa received Saudi Minister of Culture Prince Badr bin Abdullah bin Farhan at the Conference Palace in the capital.

Earlier the same day, Prince Badr met with his Syrian counterpart, Minister of Culture Mohammad Yassin Saleh, during an official visit to attend the fair. T

he Saudi minister congratulated Syria on hosting the exhibition and expressed his wishes for continued prosperity, progress, and stability for the Syrian government and people.

Both meetings highlighted the depth of cultural relations between the two countries, the importance of expanding joint cultural cooperation across various fields, and the alignment of positions on issues of mutual interest in a way that serves both nations.

The Saudi delegation included senior officials and advisers, among them representatives from the Royal Court, the Ministry of Culture, and the King Abdulaziz Public Library, reflecting broad institutional engagement in the visit.

In the evening, Prince Badr attended the opening ceremony of the fair’s special session, held under the patronage and in the presence of al-Sharaa. The event drew wide official and cultural participation, including Arab ministers, political and intellectual figures, and a distinguished group of writers and cultural figures.

In a post on the X platform, Prince Badr thanked “our brothers in Syria for their generous hospitality and their efforts in organizing the Damascus International Book Fair.”

The minister also inaugurated the Kingdom’s pavilion at the fair in the presence of the Syrian minister of culture and the Qatari minister of culture.

Saudi Arabia’s guest-of-honor participation continues until Feb. 16 and reflects its growing prominence and leadership in the Arab and global cultural landscape.

This participation aligns with Saudi Vision 2030, which places culture at the heart of national development, viewing it as a space for dialogue, a bridge for civilizational communication, and a tool for strengthening ties among Arab peoples.

The Saudi Literature, Publishing and Translation Commission is leading the Kingdom’s participation, highlighting the development of the cultural sector and reaffirming the central role of books as carriers of knowledge and awareness.

The Saudi pavilion boasts a comprehensive cultural program featuring intellectual seminars, poetry evenings, a manuscript exhibition, traditional Saudi fashion displays, hospitality corners, archaeological replicas, and performing arts that express the depth of the Kingdom’s cultural heritage.

On the sidelines of the visit, Prince Badr, accompanied by Minister Saleh, toured the National Museum of Damascus, which houses rare artifacts spanning prehistoric eras, ancient Syrian civilizations, classical and Islamic periods, as well as traditional and modern art.

Culture

UNESCO Honors Al-Bisht Al-Hasawi as Thousands Flock to Al-Ahsa Festival

Visitors can explore interactive displays, participate in live workshops, and witness the meticulous process of tailoring this iconic symbol of prestige - SPA
Visitors can explore interactive displays, participate in live workshops, and witness the meticulous process of tailoring this iconic symbol of prestige - SPA
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UNESCO Honors Al-Bisht Al-Hasawi as Thousands Flock to Al-Ahsa Festival

Visitors can explore interactive displays, participate in live workshops, and witness the meticulous process of tailoring this iconic symbol of prestige - SPA
Visitors can explore interactive displays, participate in live workshops, and witness the meticulous process of tailoring this iconic symbol of prestige - SPA

The third edition of Al-Bisht Al-Hasawi Festival is drawing thousands of regional and international visitors to Ibrahim Palace in historic Al-Hofuf.

Organized by the Heritage Commission, this year’s festival celebrates the inscription of the Bisht on UNESCO’s Representative List of the Intangible Cultural Heritage of Humanity.

The event showcases Al-Ahsa’s centuries-old tradition of hand-weaving and gold embroidery, a craft passed down through generations of local families, SPA reported.

Visitors can explore interactive displays, participate in live workshops, and witness the meticulous process of tailoring this iconic symbol of prestige.

With UNESCO's participation and representatives from six countries, the festival has evolved into a global platform for cultural dialogue, cementing the Bisht’s status as a world-class cultural treasure.

Culture

Saudi, Syrian Culture Ministers Tour National Museum of Damascus

The ministers observed the museum’s extensive collections spanning prehistoric eras to modern art. SPA
The ministers observed the museum’s extensive collections spanning prehistoric eras to modern art. SPA
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Saudi, Syrian Culture Ministers Tour National Museum of Damascus

The ministers observed the museum’s extensive collections spanning prehistoric eras to modern art. SPA
The ministers observed the museum’s extensive collections spanning prehistoric eras to modern art. SPA

Saudi Minister of Culture Prince Badr bin Abdullah bin Farhan and his Syrian counterpart, Mohammed Yassin Saleh, have toured the National Museum of Damascus during the Kingdom’s participation as guest of honor at the 2026 Damascus International Book Fair.

The ministers observed on Thursday the museum’s extensive collections spanning prehistoric eras to modern art.

A particular focus was placed on the Arab-Islamic wing, featuring significant artifacts from the Umayyad period.

The Kingdom's participation as guest of honor at the 2026 Damascus International Book Fair, which runs until February 16, stems from the role culture plays within Saudi Vision 2030.