The Royal Commission for Riyadh City (RCRC) signed an agreement yesterday with King Abdullah
Financial District Development and Management Company (KAFD DMC) to house the first phase of
the Riyadh Creative District (RCD) in KAFD.
This agreement underscores RCRC’s commitment to launching initiatives that empower talent and
cultural institutions, advancing Riyadh’s position as a global hub for creativity, media and cultural
innovation.
The partnership was signed during a high-level gathering convened by RCRC, hosting leading
companies specialized in media, culture and media technology, along with several entities from
innovative industries, looking for an environment that fosters knowledge exchange.
The event also featured the signing of a series of new agreements between RCD and a number of local,
regional and international companies that will establish their headquarters at KAFD, which has provided
three buildings offering flexible spaces and integrated services, creating an ecosystem designed to
promote creativity.
Launched in February 2025 by the Board of Directors of RCRC, the RCD aims to bring together leading
local, regional and international companies to produce compelling content, promote cultural exchange,
and strengthen the creative economy, while contributing to the Kingdom’s economic transformation.
Commenting on the agreement, Eng. Mazen Ahmed Tammar, Acting Vice President of City Marketing
and Investment Promotion at RCRC, said: “Hosting the first phase of the Riyadh Creative District within
KAFD reflects our shared vision of building Riyadh into a world-class destination for creativity and
innovation.
By anchoring this initiative in one of the capital’s most iconic districts, we are laying the
groundwork for a dynamic ecosystem that will empower the creative community, nurture local creative
talent, attract global partners, and advance Riyadh’s role as a cultural and economic hub, in line with
Saudi Vision 2030.”
Mohammed Alsudairy, Acting Chief Executive Officer at KAFD DMC, said: “This agreement with RCRC
to establish the Riyadh Creative District’s first phase highlights KAFD’s commitment to shaping the
industries of tomorrow. By bringing together creative thinkers, business leaders, and cultural institutions
in a single destination, we are opening doors for emerging talent and advancing Riyadh’s status as a
global hub for creative and cultural innovation.
The establishment of RCD within KAFD demonstrates
our joint dedication to fostering a dynamic environment where culture and business flourish side by
side, in line with the goals of Saudi Arabia’s Vision 2030 growth agenda.”
KAFD is a key driver of Saudi Arabia’s economic diversification efforts, attracting global investment,
talent and business to the Kingdom.
The district is currently home to 19 regional headquarters and
more than 140 commercial tenants, establishing itself as one of the most important creative and
business ecosystems in the Kingdom, thus playing a pivotal role in shaping a more diverse and
prosperous economic future.
