Prince Badr bin Abdullah bin Farhan, the Saudi culture Minister, and Media City Project Chairman announced the establishment of a city for media arts in Riyadh.
Prince Abdullah signed three agreements and a memorandum of understanding in the cultural, media and technical fields in the “Media City” project.
It will be a distinguished destination globally and multilingual, in addition to being a leading media, cultural and technical center in the region.
Prince Abdullah reported that the project is part of large series projects that are under the rational leadership to take advantage of Saudi capabilities. He explained that the project cannot be restricted to a specific sector.
The project will be a catalytic destination, whose goal is to be among the best creative cities in the world.
The Prince said: “In the Kingdom, we have the capabilities, and we have the desire to move forward towards our goals set with the support and guidance of the Custodian of the Two Holy Mosques and the Crown Prince.”
On the other hand, the Saudis alone constitute more than 40% of Twitter users in the MENA region while the growth of the information and communication technology market in the Kingdom is escalating. The project will open its doors to all ambitious, serious and creative projects.
The “Media City” project, which is located in the embassy district in Riyadh, includes sectors in culture, media, and technology that directly affect future creative industries such as; publishing, podcasts, films, social media, digital advertising, digital education, augmented reality, content development, and photography design, fashion, newspapers, magazines, radio and TV stations.
Also, the project will provide a variety of services to cover the needs of the cultural, media and technical sectors, such as studios, cultural empowerment services, offices, residential and commercial areas, hospitality, and business incubators.
Meanwhile, the project targets media networks in the region, major e-commerce platforms, satellite technologies, international and regional specialized agencies, promising productive projects and national bodies specialized in the culture, media, technology, innovation and knowledge sectors.
It gives the opportunity to develop and enhance growth opportunities for promising small and medium-sized companies.
It contributes to the local product, provides direct and indirect jobs, and can accommodate more than 1000 establishments.