{"id":37173,"date":"2022-09-23T12:39:00","date_gmt":"2022-09-23T09:39:00","guid":{"rendered":"https:\/\/saudishopper.com.sa\/en\/?p=37173"},"modified":"2026-03-28T01:56:41","modified_gmt":"2026-03-27T22:56:41","slug":"the-cultural-development-fund-cdf-highlights-saudis-cultural-initiatives-during-priority-summit-in-new-york","status":"publish","type":"post","link":"https:\/\/saudishopper.com.sa\/en\/the-cultural-development-fund-cdf-highlights-saudis-cultural-initiatives-during-priority-summit-in-new-york\/","title":{"rendered":"The Cultural Development Fund (CDF) Highlights Saudi\u2019s Cultural Initiatives during Priority Summit in New York"},"content":{"rendered":"\n<p class=\"has-text-align-center wp-block-paragraph\"><em>As part of its efforts to establish the Kingdom as a global cultural leader<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>New York, Sept. 23<sup>rd<\/sup><\/strong>&nbsp;\u2013 The Cultural Development Fund (CDF) has concluded its participation in the Priority Summit hosted in New York City. The fund\u2019s participation in the summit served as an extension of CDF\u2019s goal to enhance Saudi Arabia\u2019s cultural scene and empower people and organizations within the sector.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Organized by the Future Investment Initiative (FII) on the sidelines of the 77<sup>th<\/sup>&nbsp;United Nations General Assembly, the summit\u2019s occurrence was a part of a series of events aimed at encouraging open dialogue to uncover the top priority in the minds and hearts of individuals from all walks of life. The summit\u2019s agenda consisted of a series of interactive conversations and debates amongst a range of stakeholders to discuss global challenges and find beneficial solutions that impact humanity.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As a primary financial enabler of Saudi Arabia\u2019s cultural sector among other Priority Summit\u2019s participants, the CDF took part in the summit as an official strategic partner of the Future Investment Initiative.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">During the summit, Mohammed bin Abdulrahman bin Dayel, Chief Executive Officer of the CDF, participated in a panel discussion titled&nbsp;<em>The Neo Renaissance<\/em>, where he discussed the CDF\u2019s role in attracting investment, empowering cultural sectors, and creating opportunities for the local cultural economy to thrive.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The summit\u2019s guests were also able to learn about how the CDF is supporting the private and public sectors to create a framework that empowers the cultural sector and ensures continuity. Throughout the summit, the CDF highlighted how its plans align with the Kingdom\u2019s Vision 2030 objectives to upscale nearly every facet of life in Saudi Arabia, including quality of life standards.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Bin Dayel also emphasized how the CDF\u2019s role integrates with those of other funds within the Kingdom\u2019s development ecosystem and their drive to achieve sustainable national development.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The CDF\u2019s participation in the Priority Summit comes as part of its strategy to attract local and international investment to assist in transforming the Kingdom\u2019s cultural scene, helping Saudi Arabia position itself as the destination for cultural enthusiasts globally.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The fund also seeks to establish national and global partnerships, foster cooperation amongst organizations that have a presence in the Saudi cultural scene, and continue its strategic partnership with the FII by participating in the sixth iteration of the Future Investment Initiative Conference, scheduled to be held in Riyadh from the 25<sup>th<\/sup>&nbsp;through the 27<sup>th<\/sup>&nbsp;of October.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The CDF is one of the key domestic enablers of culture, nurturing a cultural ecosystem that encourages investment, fosters sustainability, and instills culture as a way of life that boosts the Kingdom\u2019s national identity and meets the targets of Vision 2030\u2019s quality of life objectives.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The fund aims to achieve these targets by creating a cultural ecosystem that contributes to the diversification of the economy through empowering and overseeing cultural projects, attracting businesses, and investing in strategic programs that help Saudi\u2019s cultural sector flourish and enhance its profitability.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As part of its efforts to establish the Kingdom as a global cultural leader New York, Sept. 23rd&nbsp;\u2013 The Cultural Development Fund (CDF) has concluded its participation in the Priority Summit hosted in New York City. The fund\u2019s participation in the summit served as an extension of CDF\u2019s goal to enhance Saudi Arabia\u2019s cultural scene [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":37174,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_yoast_wpseo_meta-robots-noindex":"","_et_pb_use_builder":"off","_et_pb_old_content":"","_et_gb_content_width":"","_pr_autopilot_social_copy":"","_yoast_wpseo_opengraph_title":"","_yoast_wpseo_opengraph_description":"","_yoast_wpseo_opengraph_image":"","_yoast_wpseo_opengraph_image_id":0,"_yoast_wpseo_twitter_title":"","_yoast_wpseo_twitter_description":"","_yoast_wpseo_twitter_image":"","_yoast_wpseo_twitter_image_id":0,"_yoast_wpseo_primary_category":24,"_extra_hide_author_box":"","_extra_featured_post":"","_partner_post_id":0,"footnotes":""},"categories":[24],"tags":[],"class_list":["post-37173","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","et-has-post-format-content","et_post_format-et-post-format-standard"],"yoast_head":"<!-- This site is optimized 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