The Cultural Development Fund, in partnership with the Ministry of Investment and Riviera Content Fund, organized a special event alongside the 79th Cannes Film Festival to attract international investment into Saudi Arabia’s rapidly growing film sector.
The event also aimed to highlight the achievements of Riviera Content Fund, the Kingdom’s first Saudi film investment fund.
Cultural Development Fund CEO Majed bin Abdulmohsen Al Hugail said the Saudi film industry has evolved into a fully integrated ecosystem and is now more attractive for investment than ever before.
He also showcased the sector’s strong investment potential, supported by expanding infrastructure, advanced regulations, creative talent, and financing solutions.
The event also highlighted Riviera Content Fund’s investments exceeding SAR54 million from a total capital of SAR375 million.
Attendees included international investors, studios, production companies, and investment fund managers.
The initiative supports Saudi Arabia’s efforts to strengthen the cultural economy, empower local talent, and attract high-value investments in line with Vision 2030.