Ministry of Culture Invested USD 21.6 Billion in Cultural Projects
This scale of investment underpins a growing pipeline of cultural facilities, spanning museums, theatres, studios, and heritage restoration efforts.
Cultural infrastructure investments in Saudi Arabia have exceeded USD 21.6 billion (SAR 81 billion) since the launch of Vision 2030, according to figures released by the Ministry of Culture.
This scale of investment underpins a growing pipeline of cultural facilities, spanning museums, theatres, studios, and heritage restoration efforts. Researchers note that across major developments—such as Diriyah Gate Cultural District, King Salman Park, Jeddah Central, the Red Sea Project, and Al Ula—culture is integrated into large-scale urban and tourism masterplans.
Analysts estimate that a wide range of cultural projects, currently in various planning or execution stages, could total tens of billions in future investment. The goal: position Saudi Arabia as a global cultural hub, diversify the economy, and boost tourism through a robust creative economy.
In parallel, the Ministry of Culture has taken further steps to mobilise private capital. During the Cultural Investment Conference, the Cultural Development Fund announced a new co-lending financing product aimed at unlocking over SAR 1 billion (around USD 270 million) for private sector cultural projects.
To strengthen the investment ecosystem, a memorandum of understanding was signed between the Ministry of Investment and the Cultural Development Fund to attract international companies and encourage cross-border cultural investment.
