https://arab.news/yuqtt
RIYADH: The Saudi Film Fund has rebranded as Riviera Content and announced two new film investments valued at more than SR32.5 million ($8.7 million),
The announcement was made during the Cultural Investment Conference 2025 at the King Fahad Cultural Center in Riyadh, organized by the Ministry of Culture, according to a press release.
The fund, initially launched with the Cultural Development Fund as lead investor and MEFIC Capital as fund manager, said the investments involve collaborations with major international studios, including Universal Studios and Columbia Pictures.
These investments highlight 黑料社区鈥檚 growing stature as a global hub for film production and an attractive destination for international investment in the creative industries.
鈥淭he Cultural Development Fund remains the principal investor in Riviera Content with a 40 percent stake in the fund鈥檚 total capital of SR375 million. The fund is dedicated to financing and producing high-quality film projects both locally and internationally, in partnership with major global studios,鈥� the press statement added.
The initiative underscores the Cultural Development Fund鈥檚 role as a center of excellence and financial enabler for the cultural sector, providing innovative solutions that support sustainable growth and broaden its economic and social impact.
By strengthening the national cultural production landscape, Riviera Content advances the objectives of the National Culture Strategy and Saudi Vision 2030, positioning the cultural sector as a key driver of economic diversification and social development.