Chairman of the Board of Directors of the Saudi General Entertainment Authority (GEA) Advisor Turki bin Abdulmohsen Al Al-Sheikh has announced the establishment of the Big Time Investment Fund to enhance the quality of Arabic content in film production, distribution and manufacturing, with the participation of renowned artists from the Arab world.
Al Al-Sheikh emphasized that the authority will serve as the primary sponsor of the fund, with the Ministry of Culture acting as a co-sponsor.
Additionally, several specialized companies will contribute to the fund, including Sela Studio, SMC Company, Rotana Audio Visual Co., and Benchmark Company.
He further stated that the fund's initial phase will focus on investing in significant Saudi, Gulf and Arab films.
The announcement was made during Al Al-Sheikh's visit to Egypt, where he is holding a series of meetings with officials from both the public and private sectors.
The meetings aim to foster and strengthen the collaboration in the entertainment and artistic domains between the two countries.
