The tasks of the Cultural Development Fund in the Kingdom of Saudi Arabia are to support the sixteen cultural sectors identified in the Kingdom's National Cultural Strategy. This is achieved through developmental programs with financing mechanisms designed to empower the cultural sector in various fields such as content creation and development, education and training, infrastructure support, dissemination and marketing of cultural outputs, and the operation of cultural facilities. The tas...

Several specialized development funds and banks have been established in the Kingdom of Saudi Arabia. In 2017, the National Development Fund was established to enhance the performance of these funds and banks to better serve developmental priorities and economic needs in line with the goals and pillars of Saudi Vision 2030. The list of development funds and banks includes: Real Estate Development Fund The fund was established by Royal Decree No. (M/23) on July 1, 1974, to provide and develop di...