Saudi officials sign $100m deal in Cannes to set up Kingdom’s first film investment fund

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Sat, 2023-05-20 01:43

RIYADH: Saudi Arabia’s Cultural Development Fund has signed a multi-million-dollar agreement to establish the first film investment fund in the Kingdom, with the aim of developing the nation’s media and entertainment industry, the Saudi Press Agency reported on Friday.

The deal falls under the patronage of Minister of Culture Prince Badr bin Abdullah, who is also chairperson of the fund’s board of directors. (SPA)
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