The Royal Commission for Riyadh City (RCRC) has signed an agreement with King Abdullah Financial District Development and Management Company (KAFD DMC) to house Phase One of 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 inked during a high-level gathering convened by RCRC, which also witnessed 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.

Launched this February, the RCD aims to bring together leading local, regional and international companies to produce compelling content, promote cultural exchange and strengthen the creative economy.

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,” he stated.

Mohammed Alsudairy, Acting Chief Executive Officer at KAFD DMC, said this deal highlights its 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,” he stated.

KAFD is currently home to 19 regional HQs and over 140 commercial tenants.