These commitments mark a pivotal step toward building a thriving cultural sector that is globally competitive, generates investment and employment opportunities, and contributes to sustainable development. The first fund is the SAR 375 million (USD 100 million) film investment fund, where CDF is an anchor investor in partnership with BSF Capital. The new film investment fund, managed by BSF Capital, targets investment in high-quality film projects and studio facilities in and beyond Saudi Arabia. Its goal is to develop the Saudi film sector’s infrastructure and expand its global reach, in collaboration with one of the world’s leading film production companies. The Fashion Investment Fund, managed by Merak Capital, is the Kingdom’s first dedicated fashion investment fund.