THIQAH, a leader in the technology sector, has announced the signing of a Memorandum of Understanding with the Cultural Development Fund (CDF) for mutual cooperation in supporting the digital transformation of CDF’s services. The goal is to enhance the service experience provided to entities, entrepreneurs, and creatives working across 16 cultural sectors, in line with CDF’s efforts to activate partnerships with the private sector and build effective collaborations that contribute to the positive growth and development of the cultural sector.

The signing ceremony was attended by THIQAH’s CEO, Mr. Ayman bin Abdullah Al-Fallaj, and the Cultural Development Fund’s CEO, Mr. Majed bin Abdulmohsen Al-Hugail. Representing THIQAH in the signing was the Chief Commercial Sector and Strategic Partnerships, Eng. Bader Al-Omari, while the Cultural Development Fund was represented by the Chief Shared Services, Mr. Mahdi Al-Alalmaie.

The memorandum reflects the parties’ shared ambition to leverage digital transformation in developing advanced technological solutions that enhance the experiences of those benefiting from CDF’s services, positively impacting the growth of their cultural projects. The areas of cooperation include exchanging studies and data that support digital transformation, sharing expertise between THIQAH and CDF in enhancing business efficiency, and maximizing the role of technology in sustaining the economic and social impact of the cultural sector.

The Cultural Development Fund was founded in 2021 with the aim of further enhancing the cultural landscape within Saudi Arabia. Organizationally linked to the National Development Fund, to promote the development of a self-reliant cultural sector. The Fund actively supports a variety of cultural activities and projects, facilitates investment, and seeks to improve the domestic cultural sector's profitability in alignment with the National Culture Strategy and Saudi Vision 2030.