HRH the Crown Prince launches Events Investment Fund to support infrastructure developments in the culture, tourism, entertainment and sports sectors
- EIF will be capitalized with SAR14 (over $3.7) billion to directly develop more than 35 world class venues across the Kingdom.
- The fund will further raise capital by providing lucrative high-return opportunities to the private sector and financial institutions.
- EIF is critical to the delivery of the Kingdom’s ambitious event calendar
- The direct GDP impact will be SAR28 (around $7.5) billion by 2045.