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Saudi Arabia to Launch Investment Funds in Music, Film Industries

Mohammed Bin Dayel and Nada Al-Tuwaijri during the signing of the MoU at the Saudi Cultural Development Fund's headquarters, in Riyadh. (SPA)
Mohammed Bin Dayel and Nada Al-Tuwaijri during the signing of the MoU at the Saudi Cultural Development Fund's headquarters, in Riyadh. (SPA)
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Saudi Arabia to Launch Investment Funds in Music, Film Industries

Mohammed Bin Dayel and Nada Al-Tuwaijri during the signing of the MoU at the Saudi Cultural Development Fund's headquarters, in Riyadh. (SPA)
Mohammed Bin Dayel and Nada Al-Tuwaijri during the signing of the MoU at the Saudi Cultural Development Fund's headquarters, in Riyadh. (SPA)

The Saudi Cultural Development Fund has announced a collaboration with Merwas for Audiovisual Production, to enrich and develop the cultural content, establish investment funds in the music and film industries, and empower the growth and sustainability of the Saudi culture sector.

The Cultural Fund has signed a memorandum of understanding (MoU) at its headquarters, in Riyadh, with Merwas, to collaborate on supporting the creative and cultural content, and providing diverse services to the small and medium companies working in the sector.

Sustainable investment funds

The partnership between the fund and Merwas is a model of developing the productive and creative work ecosystem in Saudi Arabia; the Cultural Development Fund is responsible for supporting and nurturing the cultural sector, motivating investment in it, and building partnerships that promote cooperation among the parties concerned in production, while Merwas represents a major hub to incubate the creators of audiovisual content.

The company, based in the Boulevard Riyadh City, owns 22 international studios for audiovisual productions, art academies, production networks, and two channels in English and Arabic. This partnership will support important and insightful productions, and inaugurate a new and unique phase of creative production in the kingdom, in addition to supporting and growing the art sector in its different fields.

According to the MoU, the cooperation incorporates the establishment of investment funds in the music and film industry to enrich and develop the cultural content, in addition to collaborating on providing non-financial services for the small and medium companies in the sector.

The MoU was signed by Mohammed Abdulrahman Bin Dayel, CEO of the Saudi Cultural Development Fund, and Nada bint Mohammed Al-Tuwaijri, CEO of Merwas.

The new partnership comes as a step of integration between the public and private sectors that enables the latter to contribute to the growth and sustainability of the cultural sector, and create opportunities for the talents in the field.

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Varieties

The Year's First Meteor Shower and Supermoon Clash in January Skies

People look up to the sky from an observatory near the village of Avren, Bulgaria, Aug. 12, 2009. (AP Photo/Petar Petrov, File)
People look up to the sky from an observatory near the village of Avren, Bulgaria, Aug. 12, 2009. (AP Photo/Petar Petrov, File)
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The Year's First Meteor Shower and Supermoon Clash in January Skies

People look up to the sky from an observatory near the village of Avren, Bulgaria, Aug. 12, 2009. (AP Photo/Petar Petrov, File)
People look up to the sky from an observatory near the village of Avren, Bulgaria, Aug. 12, 2009. (AP Photo/Petar Petrov, File)

The year's first supermoon and meteor shower will sync up in January skies, but the light from one may dim the other.

The Quadrantid meteor shower peaks Friday night into Saturday morning, according to the American Meteor Society. In dark skies during the peak, skygazers typically see around 25 meteors per hour, but this time they'll likely glimpse less than 10 per hour due to light from Saturday's supermoon, The AP news reported.

“The biggest enemy of enjoying a meteor shower is the full moon,” said Mike Shanahan, planetarium director at Liberty Science Center in New Jersey.

Meteor showers happen when speedy space rocks collide with Earth’s atmosphere, burning up and leaving fiery tails in their wake — the end of a “shooting star.” A handful of meteors are visible on any given night, but predictable showers appear annually when Earth passes through dense streams of cosmic debris.

Supermoons occur when a full moon is closer to Earth in its orbit. That makes it appear up to 14% bigger and 30% brighter than the faintest moon of the year, according to NASA. That difference can be tough to notice with the naked eye.

Supermoons, like all full moons, are visible in clear skies everywhere that it's night. The Quadrantids, on the other hand, can be seen mainly from the Northern Hemisphere. Both can be glimpsed without any special equipment.

To spot the Quadrantids, venture out in the early evening away from city lights and watch for fireballs before the moon crashes the party, said Jacque Benitez with the Morrison Planetarium at the California Academy of Sciences. Skygazers can also try looking during early dawn hours on Sunday.

Wait for your eyes to get used to the darkness, and don’t look at your phone. The space rocks will look like fast-moving white dots and appear over the whole sky.

Meteor showers are named for the constellation where the fireballs appear to come from. The Quadrantids — space debris from the asteroid 2003 EH1 — are named for a constellation that's no longer recognized.

The next major meteor shower, called the Lyrids, is slotted for April.

Supermoons happen a few times a year and come in groups, taking advantage of the sweet spot in the moon’s elliptical orbit. Saturday night’s event ends a four-month streak that started in October. There won't be another supermoon until the end of 2026.

Varieties

New Maritime Theater in Jazan to Host the City's Festival Opening

The site also includes various amenities, such as shopping zones, kiosks for dining, an art gallery - SPA
The site also includes various amenities, such as shopping zones, kiosks for dining, an art gallery - SPA
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New Maritime Theater in Jazan to Host the City's Festival Opening

The site also includes various amenities, such as shopping zones, kiosks for dining, an art gallery - SPA
The site also includes various amenities, such as shopping zones, kiosks for dining, an art gallery - SPA

The Jazan city theater on the southern corniche will host the opening ceremony of the Jazan Festival 2026 on Friday. This event will take place at a 35-square-kilometer site that features the Kingdom's largest maritime theater, SPA reported.

The theater accommodates more than 10,000 spectators and features five VIP areas. To ensure a smooth experience, the venue offers parking for over 9,000 vehicles, providing easy access during peak times.

Built specifically for the festival, the stage meets stringent safety and technical standards, providing a high-quality audiovisual experience against the stunning backdrop of the Red Sea.

The site also includes various amenities, such as shopping zones, kiosks for dining, an art gallery, a play area for children, a bird garden, and a regional museum, showcasing the region's history and culture.

This temporary maritime theater aims to provide a cohesive experience, integrating entertainment, culture, shopping, and services in one location, further establishing Jazan as a year-round destination for tourism and entertainment.

Varieties

Saudi Post Issues Commemorative Stamp for Riyadh Air

Saudi Post Issues Commemorative Stamp for Riyadh Air
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Saudi Post Issues Commemorative Stamp for Riyadh Air

Saudi Post Issues Commemorative Stamp for Riyadh Air

Saudi Post, in collaboration with Riyadh Air, has launched a commemorative stamp set priced at SAR3 to celebrate the airline’s inaugural flights on October 26, 2025, coinciding with the start of its operational phase.

This issuance marks the beginning of operational activities for Riyadh Air as a new national carrier, aiming to serve over 100 destinations worldwide, SPA reported.

Saudi Post's stamps commemorate major national and international events, preserving important moments in Saudi history and appealing to collectors and historians alike.