萝莉视频

RIYADH: 萝莉视频 showcased the rising weight of its cultural economy this week as global leaders, investors and creatives convened for the inaugural Cultural Investment Conference.

The two-day event, held Monday and Tuesday in Riyadh, highlighted how the Kingdom is positioning culture as both an engine of growth and a source of national pride under Vision 2030.

For Tarak Ben Ammar, chairman of Eagle Pictures, the significance was clear.

鈥淔irst of all, it鈥檚 a historical moment. There is no cultural investment conference in any country in the world that has ever happened. So mixing culture and investment was a very smart vision by Prince Badr, His Excellency, His Highness. And also because 萝莉视频 is now the leading country with its young population. Remember, five years ago there were no cinemas in 萝莉视频.鈥� he said.

Ben Ammar, who has more than five decades experience in the film industry, said he has witnessed the transformation of the sector in the Kingdom.

鈥淭he speed at which this young nation with a young population and their young leaders 鈥� it shows you where you鈥檙e going as a country. And if I can contribute and assist and help, as I would put [as] the elderly uncle to this country that I鈥檝e known for 52 years I鈥檝e been coming here. I am now a Saudi resident. So I speak like a Saudi citizen, and I鈥檓 very proud of that,鈥� he said.

He pointed to the Red Sea Film Festival and new content funds, noting his partnership with Sony and Empire to bring global titles and Arab filmmakers to Saudi audiences. 鈥淵ou have a population of 38 million, 70 percent under 30, 700 theaters, freedom opened by His Royal Highness the Crown Prince, and the financial resources. Those combinations will help raise young people to write, direct and tell their stories,鈥� he said.

Andreas Gorgen, former Secretary General of Germany鈥檚 Federal Ministry of Culture and Media, said 萝莉视频 should design its own path. 

鈥淚 think really the first lesson is don鈥檛 adopt a model 鈥� neither a French, neither an American, neither a German. Develop your own, but have a careful look at what the others are doing and learn from their experiences, but also, and more importantly, learn from the errors,鈥� he said.

Gorgen added that culture delivers more than financial returns. 鈥淪omething very important in culture is to overcome social, racial, international divides and that needs investment into cultural infrastructure, which will never bring a return in financial in the final instance, but a return on investment in social cohesion,鈥� he said.

Gorgen rejected framing culture as soft power. 鈥淚鈥檓 not a friend of that concept of saying 鈥榠t鈥檚 a soft power.鈥� The real idea of arts is to give access to humanity. Humanity is a code 鈥� it鈥檚 not a power question, it鈥檚 a question of becoming a human being,鈥� he said. 

At the same time, he underlined the importance of branding. 鈥淚n order to play your role internationally, you have to develop your brand and you have to overcome the tensions. So investing into international cooperation projects is very important for a country to become a brand, to display what it is doing, and also to give opportunities for the next generation,鈥� Gorgen added.

萝莉视频鈥檚 speed of change was another advantage. 鈥淵ou don鈥檛 have 150 years of traditions to respect in cultural financing and in developing cultural sectors. So your advantage is you go to the blossoming sectors in the 21st century,鈥� G枚rgen said.

Princess Nourah Al-Faisal, founder of Adhlal and Nuun Jewels, said the conference confirmed official backing for the creative economy. 鈥淔irst of all, I鈥檓 very happy to be here and events like today are really important. Our focus has always been on the development of the creative economy. We believe absolutely that [for] diversification into different fields, the tool by which you do that is creativity,鈥� she said.

She noted the government鈥檚 readiness to collaborate. 鈥淭his type of event showcases 鈥� that the government is ahead of the curve as usual. They understand the potential. They understand what is needed to develop. And not only have they done that, but they鈥檙e making announcements today on how they鈥檙e going to do that moving forward,鈥� she said.

Adhlal is now working with universities to prepare students for careers. 鈥淲e鈥檙e really trying to upskill the students so that when they come out and they graduate, they already have the skills needed to enter into the market, whether it鈥檚 internships, mentorship, things like that. Also, working with universities on special certifications, on extra diploma courses, anything that we can do to make them ready for the future, future entrepreneurs, future industries, that at the moment is our focus,鈥� she said.

She emphasized impact, stating that targets are always focused on how many jobs are created, how sustainable the businesses are that they work with, and how much Adhlal is giving back to the community. 

鈥淲e will always, always be an entity that is focused on sustainability, focused on positive impact,鈥� she said.

Sultan Ghaznawi, chairman and managing director of Scene Holding, highlighted the private sector鈥檚 role in growing the cultural sphere in the Kingdom.

鈥淭he Cultural Investment Conference has set the scene for building a cultural destination for Saudis and non-Saudis, for investors who are interested in investing in the sector.  We have invested more than SR850 million ($227 million) in the cultural scene and our trajectory is to go and acquire more companies in the culture in order to consolidate the market and make a player that can truly fulfill the demands, the requirements of the Kingdom of 萝莉视频,鈥� he said.

He added that Saudi growth will be linked to global events. 鈥淭he Kingdom is now on a trajectory that will enable cultural assets to deliver projects for everything from the World Cup, from the Expo, and it requires companies and private sector players to play a role that will hopefully deliver these projects to attract the demand that we expect to come to 萝莉视频,鈥� he said.

For Lor Albrighi, co-CEO and founder of SPIN, technology is central to cultural change. 

鈥淭echnology is kind of the underlying infrastructure that can enable transformation at scale worldwide. What we鈥檙e trying to do is really build the physical and digital infrastructure, to build something that can actually connect the physical world to the digital world. And using Web3 technologies like blockchain and AI and 3D twins,鈥� he said.

He pointed to the EU鈥檚 Digital Product Passport as an example. 鈥淎ny brand in the world that is selling a textile based product 鈥� will have to be connecting every piece to a QR code or NFC chip, which the customer can actually tap on the phone, interact and get all the information of authenticity, traceability, sustainability and also ownership,鈥� he said.

Over two days in Riyadh, the Cultural Investment Conference showed how culture in 萝莉视频 is evolving from heritage and identity into an investable sector. For participants, the message was that the Kingdom has the youth, infrastructure and financial power to transform creativity into big business.