9 erring body care centers shut in Riyadh    20,000 military emblems confiscated in Riyadh    Al-Samaani visits headquarters of Hague Conference on Private International Law    KSrelief provided over $7bln to support children around the world    Al-Jasser: Saudi Arabia to expand rail network to over 8,000 km    OMODA&JAECOO: Unstoppable global cumulative sales over 360,000 units    Saudi Arabia sees 73.7% rise in investment licenses in Q3 2024    Al Hilal doesn't need extra support to bring new players, CEO says    Rust premieres at low-key film festival three years after shooting    Fate of Gaetz ethics report uncertain after congressional panel deadlocked    Ukraine fires UK-supplied Storm Shadow missiles at Russia for first time    Netanyahu offers $5 million and safe passage out of Gaza to anyone returning a hostage    Indian billionaire Gautam Adani indicted in New York on fraud charges    Rafael Nadal: Farewell to the 'King of Clay'    Indonesia shocks Saudi Arabia with 2-0 victory in AFC Asian Qualifiers    Sitting too much linked to heart disease –– even if you work out    Yemeni Orchestra's captivating performances in Riyadh, showcasing shared cultural legacies    Future of Ronaldo's Al Nassr contract remains undecided, says Saudi Pro League CEO    GASTAT report: 45.1% of Saudis are overweight    Denmark's Victoria Kjær Theilvig wins Miss Universe 2024    Order vs. Morality: Lessons from New York's 1977 Blackout    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Filipino pilgrim's incredible evolution from an enemy of Islam to its staunch advocate    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Prince Badr signs MoUs with Al-Qasabi and Al-Falih to empower entrepreneurs and boost investments in cultural sector
Published in The Saudi Gazette on 06 - 11 - 2024

RIYADH — Minister of Culture Prince Badr bin Abdullah on Wednesday signed two landmark deals with ministers of commerce and investment aimed at empowering entrepreneurs and boost investments in the vital culture sector. The agreements underscore the importance of making culture a primary source for producing local content, as well as spreading and delivering culture to different regions and segments of society.
Prince Badr signed a memorandum of understanding (MoU) with Minister of Commerce and Chairman of the Board of Directors of the General Authority for Small and Medium Enterprises (Monsha'at) Dr. Majed Al-Qasabi, at his ministry's headquarters in Diriyah. The MoU is aimed at enhancing cooperation in areas of common interest between the Ministry of Culture and Monsha'at, including the establishment of business incubators and accelerators in the cultural sector.
The partnership aims to support and empower entrepreneurs in the cultural sector and cultural establishments by providing specialized training programs that meet the needs and requirements of the sector. These include provision of strategic consultations that enhance the capabilities of entrepreneurs and support the development of their projects in innovative and sustainable ways that contribute to achieving a tangible economic and cultural impact. This is in addition to raising awareness and enhancing knowledge about investment opportunities and potential growth in the cultural field and the sector as a whole.
The MoU also focuses on enhancing commercial innovation and enabling modern technologies for small and medium-sized cultural establishments, which contributes to developing the cultural environment and enhancing their role in supporting the local economy.
This MoU comes within the package of strategic partnerships that the Ministry of Culture seeks to conclude with various sectors, with the aim of supporting entrepreneurs and innovators, as well as to enable them to access opportunities and resources that contribute to developing their projects and developing the cultural sector. This is in addition to improving the environment of innovation and creativity in line with the goals of the National Strategy for Culture, under the umbrella of the Kingdom's Vision 2030.
Minister of Culture Prince Badr also signed a MoU with Minister of Investment and Chairman of the Board of Directors of the Economic Cities and Special Zones Authority (ECZA) Eng. Khalid Al-Falih to enhance investment opportunities in the cultural sector in economic cities and special zones. This is also to enhance cooperation and develop potential projects and opportunities in areas of common understanding between the Ministry of Culture and the ECZA.
This partnership aims to enhance investment opportunities in the cultural sector in the economic cities and special zones, and improve the regulatory framework for cultural investment and cultural assets in these zones, apart from developing the field of employment, education and training within them. The MoU also aims to enhance cultural identity, which enriches aspects of daily life for residents of the regions in the special economic cities.
The MoU includes joint work on studies to maximize the economic impact of the cultural sector through economic cities and special zones, study the feasibility of allocating a special economic zone for the cultural sector, and identify attractive incentives for investors.
This partnership reflects the understanding and integration between the Ministry of Culture and the ECZA to enhance sustainable cooperation in developing the cultural economy. It also comes within the context of the Ministry of Culture's keenness to ensure fair access to cultural programs, events and services in all regions of the Kingdom, through the development of a distinct regional approach.


Clic here to read the story from its source.