Saudi marketUpdated November 3
Saudi Awwal Bank, CDF finance new Riyadh museum
Saudi Awwal Bank and the Cultural Development Fund have signed an agreement to finance development of a new museum in Riyadh, Saudi Gazette reports. The planned museum will offer an interactive experience exploring aspects of the Kingdom’s history and cultural heritage. The agreement builds on the partners’ cooperation framework, signed on the sidelines of the 2025 Cultural Investment Conference, to expand financing for cultural projects and improve access to financing for cultural businesses. That framework also aims to strengthen their ability to grow and sustain operations. The new agreement brings that partnership to a specific cultural project, without yet setting out a completion or opening date.
Coverage started November 3