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HRH the Crown Prince launches Events Investment Fund

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.  
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