Saudi fund CEO sheds light on economic power of culture

A virtual session in progress featuring the Saudi Cultural Development Fund’s CEO Majed bin Abdulmohsen Al-Hugail. (Supplied)
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Updated 03 May 2025
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Saudi fund CEO sheds light on economic power of culture

  • Al-Hugail emphasized the economic power of culture, saying that true investment extends beyond infrastructure or innovation alone and lies in securing the cultural sector’s lasting vitality within the economy

RIYADH: Saudi Arabia is advancing with unwavering confidence toward a brighter future, honoring its deep-rooted cultural legacy while drawing strength from an ambitious vision for a sustainable cultural sector, the CEO of the Saudi Cultural Development Fund said at Expo 2025 Osaka.  

Majed bin Abdulmohsen Al-Hugail virtually took part in a panel discussion, titled “Creative Sustainability: Investing in Culture with Long-Term Impact.”

The Saudi Cultural Development Fund is committed to driving long-term impact and sustainable growth within the cultural sector through innovative solutions and strategic partnerships between the public, private, and nonprofit sectors.




Majed Al-Hugail added: “The Kingdom’s participation at Expo 2025 Osaka is bringing the best of Saudi Arabia to the world stage and providing an opportunity for the world to witness Saudi Arabia’s remarkable transformation.” (Supplied)

Through pioneering solutions, the fund is contributing to turning Saudi Arabia’s cultural sector into a powerful economic force, while also fostering long-term sustainability — fully aligned with the ambitions of Vision 2030.

Al-Hugail emphasized the economic power of culture, saying that true investment extends beyond infrastructure or innovation alone and lies in securing the cultural sector’s lasting vitality within the economy.

By embracing visionary sustainable strategies, culture evolves into a living, breathing force, one that fuels economic prosperity, nurtures creativity, and weaves a stronger, more resilient social fabric.




The fund is taking part in Expo 2025 Osaka within the Saudi Arabia Pavilion. (Supplied)

During the panel discussion, Al-Hugail said: “At the Saudi Cultural Development Fund, sustainability is not just a goal; it is at the core of everything we do. Our approach is guided by key indicators that align with global Environmental, Social, and Governance standards.”

In pursuit of economic sustainability with lasting positive social impact, the Saudi Cultural Development Fund focuses on supporting businesses that build capabilities.

A notable example is the fund’s backing of the “CHEFPreneur” program, which has equipped 42 Saudi women with culinary and entrepreneurial expertise, empowering them with the skills to start their businesses in the culinary sector.

The panel also explored sustainable business models in the cultural sector. As funding landscapes continue to evolve globally, the sector is turning to innovative alternatives. This new wave of cultural financing includes emerging models such as public-private partnerships, which play a key role in fostering an economically sustainable cultural sector.

As an example, the fund has forged a pioneering collaboration with several leading Saudi banks and the Saudi Credit Bureau to strengthen its offerings and enhance the efficiency of credit decision-making processes.

Demonstrating its commitment to sectoral growth, the fund also contributed 40 percent to the $100 million Saudi Film Fund, aimed at expanding the Kingdom’s film industry, attracting private sector investment, and driving the sector’s long-term development.

Last year, the fund launched “Cultural Financing,” an inclusive umbrella of financial services designed to support micro, small, and medium-sized cultural enterprises across all stages of the value chain — fostering the growth and expansion of cultural projects.

Al-Hugail concluded the panel discussion by saying: “Through international exhibitions like Expo 2025 Osaka, visitors can experience Saudi Arabia’s rich cultural diversity and preview a forward-looking vision of the country’s future.”

He added: “The Kingdom’s participation at Expo 2025 Osaka is bringing the best of Saudi Arabia to the world stage and providing an opportunity for the world to witness Saudi Arabia’s remarkable transformation.”

The fund is taking part in Expo 2025 Osaka within the Saudi Arabia Pavilion, highlighting the Kingdom’s strategy to position culture as a major economic force while ensuring its sustainable growth.

This aligns with both the National Cultural Strategy and Vision 2030, which focus on diversifying the national economy, with the fund serving as a primary financial enabler for the cultural sector.

 


Saudi Arabia Pavilion hosts cross-sector business events at Expo 2025 Osaka

The Saudi Arabia pavilion is pictured during a media preview day for the 2025 Osaka Expo in the city of Osaka on April 9, 2025.
Updated 17 July 2025
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Saudi Arabia Pavilion hosts cross-sector business events at Expo 2025 Osaka

  • Highlights Saudi Arabia’s AI, digital, education, culture initiatives
  • Aim is to promote business between Kingdom and world’s nations

OSAKA: The Saudi Arabia Pavilion at Expo 2025 Osaka will host a series of business events from July 22 to 25.

This is a part of the exposition’s Theme Week Five, titled “Learning and Playing,” which is running from July 17 to 28.

The program is designed to promote cross-cultural business collaboration and highlight Saudi Arabia’s digital, educational and cultural initiatives in the era of artificial intelligence.

On July 22, the Cultural Development Fund will present a session titled “The Art of Play: Integrating Culture into Learning Environments.”

The panel will explore how culture, arts, and heritage can enhance educational systems, foster creativity and prepare young people for the industry.

Speakers include Dr. Mohammed Alhussein, CEO of Mozn AI, and Dr. Wafa Alsubail, founder of the children’s library Kan Ya Makan. The session will be moderated by Reem Busati.

On the same day, the Sports for All Federation hosts a panel titled “Learning Through Play: The Success of Our Neighborhood Clubs Initiative.”

The discussion will focus on how the initiative, which started in a single neighborhood school, has expanded into a nationwide model promoting physical activity, inclusivity and community well-being.

Speakers include Lama Al-Muhana, Dalal Al-Shebaiky, and moderator Reem Al-Shalhoub.

On July 25, the Music Commission will present “AI & Creative Art,” a session highlighting MusiqAI, a digital platform that uses artificial intelligence to support music education and professional development.

The session will include speakers Manar Alhawiti, Saqer Alghuwainem, and moderator Ahmed Karkanawi.

All sessions will be held at the Saudi Arabia Pavilion’s Collaboration Hub and will feature live Japanese translation.

The events are a part of more than 150 business-focused sessions scheduled throughout the six-month exposition, offering a platform for dialogue on investment, sustainability, innovation, and education.

The Saudi Arabia Pavilion is located in the Connecting Zone (C14-01) near the West Gate and is open daily from 9 a.m. to 9 p.m. The full program of events is available on the official pavilion website.


Saudi Arabia renews call for international community to stand by Syria

Updated 17 July 2025
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Saudi Arabia renews call for international community to stand by Syria

DUBAI: The Saudi foreign ministry condemned the Israeli attacks on Syrian territory in a statement on X. 

The ministry expressed its satisfaction with the measures taken by the Syrian government to achieve security and stability over all Syrian territory.

Saudi Arabia called for the international community to stand by Syria and confront these ongoing Israeli attacks and violations against Syria. 

Saudi Foreign Minister Prince Faisal bin Farhan discussed Israeli attacks on Syria with his Turkish counterpart Hakan Fidan on Wednesday. 

The two ministers held the call after Israel launched powerful airstrikes in Damascus on Wednesday, blowing up part of the defense ministry and hitting near the presidential palace.

The attacks marked a significant Israeli escalation against President Ahmed Al-Sharaa’s government and came despite his warming ties with the US and his administration’s evolving security contacts with Israel.

Scores of people have been killed this week in violence in and around the predominantly Druze city of Sweida, pitting fighters from the Druze minority against government security forces and members of Bedouin tribes.


Jordan, Saudi Arabia to boost archiving, documentation cooperation

Updated 17 July 2025
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Jordan, Saudi Arabia to boost archiving, documentation cooperation

  • Pact to strengthen cultural ties, preserve historical records via exchange of expertise and technology

AMMAN: Jordan’s government has approved a memorandum of understanding with Saudi Arabia to enhance cooperation in archiving and documentation, the Petra news agency reported on Wednesday.

The decision ratified an agreement between Jordan’s Royal Hashemite Documentation Center and Saudi Arabia’s National Center for Archives and Records.

The agreement will set out a framework to preserve and catalog historical documents, and the exchange of expertise and technology.

There will be joint training programs in document restoration, digitization, and professional development, Petra reported.

The plan includes archival exhibitions, scientific seminars, and joint research projects.

The agreement stipulates that shared documents and data may not be distributed to third parties without prior written consent, even after the pact ends.

It will be in effect for an initial three years and automatically renewed unless one side opts out in writing at least six months before the expiration date.


Riyadh deputy governor receives Mexico’s ambassador

Updated 16 July 2025
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Riyadh deputy governor receives Mexico’s ambassador

Prince Mohammed bin Abdulrahman bin Abdulaziz, the deputy governor of Riyadh, received Anibal Gomez Toledo, Mexico’s ambassador to the Kingdom, in Riyadh on Wednesday, the Saudi Press Agency reported.

The ambassador visited to say farewell on completion of his tenure in the Kingdom.

Prince Mohammed praised the ambassador’s efforts in strengthening and advancing relations between the two countries and wished him success.


 


Great Expectations to Great Futures: British envoy Neil Crompton reflects on time in Riyadh

Updated 32 min 22 sec ago
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Great Expectations to Great Futures: British envoy Neil Crompton reflects on time in Riyadh

  • Neil Crompton discusses Saudi Arabia’s transformation in a farewell conversation on the five-plus years he spent as His Majesty’s Ambassador to the Kingdom
  • During his tenure, three British prime ministers visited the Kingdom — Boris Johnson, Rishi Sunak and, most recently, Keir Starmer

RIYADH: Among the many foreign diplomats I have seen come and go in Riyadh, few stand out quite like Neil Crompton, who is leaving the Kingdom after having completed a little over five years as His Britannic Majesty’s Ambassador to Saudi Arabia.

Crompton is, in many ways, the quintessential British diplomat. That self-deprecating wit and sharp sense of humor are trademarks of Crompton’s personality, which he tends to reveal only after loosening his proverbial necktie.

Like many Britons I met during my near-decade in the UK, and describe in “Anecdotes of an Arab Anglophile” (an anthropological book I published last year about my observations of London), Crompton was hard to crack at first — reserved and diplomatic, as one would expect. 

But once the ice melted, I discovered a man of deep intellect, insight and genuine passion for the region.

Crompton began his journey with the UK Foreign Office in 1995, ascending through key posts before heading the Middle East desk in 2015. His appointment as ambassador to the Kingdom came in early 2020 — a pivotal time, not just for Saudi Arabia, but for the world.

Almost immediately after landing in Riyadh, Crompton — like the rest of the world — found himself in the midst of the COVID-19 pandemic. 

“I have a very vivid memory of how professional and reassuring the Saudi government response was,” he told me. “The communication was very clear. You’ve got a good public health system.”

He added: “There was a very important decision by the government that everybody in the Kingdom would be treated the same regardless of nationality, which is very important. So we felt very reassured by that.”

When the dust of COVID finally settled, Crompton began to see the transformation Vision 2030 promised, not just on paper but in reality.

“I remember going to Riyadh Boulevard for the first time. And there was a polar bear dancing on the wall to the sound of, ‘I Like to Move, Move It,’” he laughed. “It’s just a nice atmosphere, families, grandpas, grandchildren, people out and about.”

audi Arabia’s Deputy Minister for Political Affairs Saud Al-Sati receiving UK Ambassador Neil Crompton in Riyadh in Maerch 2024. (Supplied/File)

But of course, the transformation of Saudi Arabia is not limited to opening up and allowing once forbidden forms of entertainment. “When I met lots of ministers, went to ministries, you could feel the change,” he said. “You went into ministries and you saw everyone working hard.

“People talked about KPIs. I don’t remember hearing the term KPIs 10 years ago. Maybe I was wrong, but everyone was very focused, friendly, and wanted to both advance the Saudi national agenda but work out how they could collaborate with us.

“So it was sort of a mix of social change and then sort of changing corporate ethos. Britons asked me about Vision 2030. I say Vision 2030 was a vision, but now it’s a plan, and it’s been executed and very successfully.”

During Crompton’s tenure, three British prime ministers visited the Kingdom — Boris Johnson, Rishi Sunak and, most recently, Keir Starmer.

Saudi Crown Prince Mohammed bin Salman and UK Prime Minister Keir Starmer held talks at Al-Yamamah Palace in Riyadh last December. (SPA)

As ambassador, Crompton had numerous interactions with Saudi Arabia’s Crown Prince Mohammed bin Salman. But the relationship goes back further. “The first time I met the crown prince was back in 2015,” Crompton said.

“He’s very dynamic, he’s on top of his brief. He’s always very positive about the relationship with the UK. I think he sort of talks about it as being a strategic partner, but also says, ‘you’ve been a historically reliable friend.’

“And so I think everyone always comes away fired up because he has so much energy and enthusiasm for what he’s talking about.”

The shared monarchical systems of both nations, according to Crompton, provide a foundation of mutual understanding and respect.

“I think there’s a sort of natural affinity between monarchies. We’re probably the minority in the world, but I think the royal families tend to know each other. And I think there’s a sort of familiarity.

“When Her Majesty the Queen passed, I was very touched by the messages I got from Saudis all over the Kingdom, just saying how sorry they were to see her pass.

“And connections between individual members of the royal families still go on. I know there’s constant messaging backwards and forwards, and that’s very positive.

“His Majesty King Charles, he’s a real expert on Saudi Arabia. I think he’s made six official visits. I just met him on a couple of occasions. But each time he’d talk about things he did in the past. You remember he gave a famous speech on Islam and the West. So he’s always very interested in interfaith dialogue.

“When Sheikh Mohammed Al-Issa (secretary general of the Makkah-based Muslim World League) visited London, he saw him and he talked about the work that Saudi Arabia was doing in those areas.

“But also, in the few minutes I had with him, he asked: ‘Tell me what’s going on at AlUla, tell me what’s going on at this.’ So I think there’s a sort of familiarity, and I hope to nurture that.”

AlUla is undergoing a comprehensive regeneration to rejuvenate its native flora and fauna. (Royal Commission for AlUla photo)

But while royalty might be well-versed in the Kingdom’s transformation, are ordinary Britons keeping pace?

“I think it takes a long time to change perceptions. There’s always a time lag,” Crompton said by way of admission.

“Initially, the sort of scale of ambition when we talked about Vision 2030, people said, ‘really, can you do all that?’ And some people said, well, even if they do 70 percent of that, it would be impressive.

“And actually, my experience … probably 90 percent (can) be done. Saudi GDP has grown by over 70 percent since 2016. New sectors coming along.”

If there was one group that quickly closed that gap, however, it was the British business community.

“One of the highlights of my time here was the GREAT Futures trade event we did last year with the Saudi Ministry of Commerce,” said Crompton. “And for that, 450 British companies came.

“But 60 percent came for the first time, a lot from the creative industries and educational sectors who hadn’t been before. And I think they all came away and said, wow. And they met Saudis and established good contacts, and a lot of business and new relationships have flowed from that.”

File photo taken during the conclusion of the Great Futures Initiative Conference at the King Abdullah Financial District in Riyadh on March 15, 2024, which saw about 450 British companies participating. (SPA)

And the numbers speak volumes. “Bilateral trade has gone up 70 percent since COVID,” Crompton told me. “Last year, I believe it was $17 billion each way. And we have a commitment … to try and get bilateral trade to $30 billion by 2030.

“$30 billion is a magic number. Which I personally think we’ll exceed. And I think investment flows each way have increased significantly. And I think in the last five years, we’ve invested $23 billion in the UK. There’s lots of Saudi private investment.”

One of Crompton’s proudest efforts has been pushing forward the UK-GCC free trade agreement.

“I think we’re very close,” he said. “The negotiations started under the Conservative government, and actually we got quite close, and then we had an election, which just slowed things a little bit.

“Free trade is important to the health of the world economy. I think it’s a political signal between the Gulf countries and the UK, a political commitment to growing the relationship.

“This would be one of our first free trade agreements with a developing group of economies. And in the GCC’s case it would be the first time you signed a free trade agreement with a G7 country. So I think that would be very important.

“But more importantly, it will reduce tariffs in a number of areas, reduce some of the barriers, or some of the regulatory or bureaucratic obstacles to growing the relationship, and it provides a platform for growing trade.”

Ambassador Neil Crompton meeting with GCC Secretary-General Jasem Albudaiwi at the GCC Secretariat headquarters in Riyadh in January 2025. (Supplied/file photo)

He added: “I think it’s 90 percent done. Both sides agree that there’s a set of issues now that can only be resolved by ministers, because they involve political decisions and if you like, a natural bargain.”

Though the GREAT Futures Initiative Conference took place under a Conservative government, Crompton is confident the strong Saudi-UK relationship will continue under Labour. 

“They wanted to convey the message that the UK saw the Gulf as natural friends and important economic partners, and they wanted to maintain that relationship,” he said of the Labour government.

On the tourism front, Crompton highlighted the success of Saudi Arabia’s introduction of online visas — and he is glad that the UK managed to reciprocate shortly after. 

“The scheme went live in June 2022. Initially, you could only get a single entry visa, but now you can get a two-year visa. And our figures say close to 750,000 Saudis have applied for and used that scheme … I think we’re the only Western country that offers an online visa service.”

The Saudi Tourism Authority and VisitBritain signed a declaration of intent to collaborate and share expertise on domestic and international tourism. (Supplied/file photo)

He added: “And more Britons than ever are coming here. (For) the pilgrimage, but (also) for business or for events. I think we’re the second highest number of visitors after the Chinese. There are many more Chinese people than Britons.

“It’s important to have a good government-to-government relationship with the people-to-people links that make friends.”

It is not just tourists heading to Saudi Arabia. Investments — and soft power — are also flowing in both directions. 

“There are important Saudi investments in northeast England,” Crompton said, with the flagship being the Public Investment Fund’s acquisition of Newcastle United.

“I have friends in the northeast who say the first thing they did was professionalize the women’s football team in Newcastle.”

Neil Crompton, British ambassador to Saudi Arabia, at his residence in Riyadh. (AN file photo)

He added: “I think people in the northeast say, well, this is really good. We want to do more with Saudi Arabia.”

One moment that truly embodied Saudi soft power for him? When the Saudi National Orchestra and Choir performed at the Royal Albert Hall in October 2024.

“I never forget they did Adele’s ‘Rolling in the Deep.’” he said. “They started (with) the men singing the Saudi traditional Saudi song. And then I remember when the lady came in and started singing, there were hairs standing up on the back of your neck. It was really impressive.”

The Saudi National Orchestra and Choir, in partnership with the UK’s Royal Philharmonic Orchestra, delivered a rousing performance at London’s Central Hall Westminster on September 28, 2024 as part of the “Marvels of Saudi Orchestra” concert tour. (AN file photo)

The interview also touched on Saudi-UK defense cooperation, ongoing discussions about potential Saudi involvement in the Typhoon jet program, and the Kingdom’s emerging role in international mediation efforts.

Clips from these parts of the conversation are available on Arab News online.

As a parting gesture, I presented Crompton with a custom-made trophy resembling the front page of Arab News from 50 years ago — a small tribute to his time in the Kingdom.

Faisal J. Abbas presents Neil Crompton (L) with a trophy resembling the front page of Arab News from 50 years ago. (AN photo by Huda Bashatah)

True to form, he responded with classic British humor, presenting me with two ketchup sachets — a reference to a story from “Anecdotes of an Arab Anglophile” where I complained to the CEO of a major American fast food chain about not getting enough ketchup, which ultimately led to a change in company policy in the UK. 

In the book, I lamented — only somewhat jokingly — how I never received any recognition from the British government for my efforts to improve UK customer service. I should be careful what I wish for, as Crompton clearly saw fit to remedy that.

I had to laugh. As Neil Crompton leaves the Kingdom, he does so with several feathers in his cap — but perhaps most importantly — with genuine affection for a country that is changing faster than most could have imagined.