Saudi’s new Event Investment Fund to develop 35 venues by 2030 ...United Arab Emirates

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Saudi’s new Event Investment Fund to develop 35 venues by 2030
source : ME CONSTRUCTION NEWS ( United Arab Emirates ) () 16
The Events Investment Fund (EIF) has been launched by Saudi Arabia, and it aims to develop sustainable infrastructure for the culture, tourism, entertainment and sports sectors across the Kingdom. The EIF will be capitalised with US $3.7bn to directly develop more than 35 world-class venues across the Kingdom by 2030. It also aims to create strategic partnerships to boost the local industry, increase foreign investment and contribute to Vision 2030’s aim of a vibrant society. The fund was announced by His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al-Saud, Crown Prince, Prime Minister and Chairman of EIF. According to a statement, the fund will focus on developing and increasing

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