The Royal Commission for Riyadh City (RCRC) and King Abdullah Financial District Development and Management Company (KAFD DMC) have signed an agreement to launch the first phase of the Riyadh Creative District (RCD) in KAFD.
The agreement is said to reflect the RCRC’s dedication to launching initiatives that empower talent and cultural institutions, solidifying Riyadh’s position as a global hub for creativity, media, and cultural innovation.
The partnership was signed during a gathering organised by RCRC, which brought together companies specialising in media, culture, and media technology, as well as several entities from innovative industries. The purpose of this gathering was to create an environment conducive to knowledge exchange and collaboration.
The event witnessed the signing of several new agreements between the RCD and various local, regional, and international companies. These agreements establish the companies’ headquarters at KAFD, which has provided three buildings offering flexible spaces and integrated services. This ecosystem is designed to foster creativity and innovation.
Launched in February 2025 by the Board of Directors of RCRC, the RCD aims to bring together leading local, regional, and international companies. The primary objectives of the RCD are to produce compelling content, promote cultural exchange, and strengthen the creative economy. By achieving these goals, the RCD contributes to the Kingdom’s economic transformation.
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 added, “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 has attracted global investment, talent, and business to the Kingdom. Currently, it houses 19 regional headquarters and over 140 commercial tenants, solidifying its position as one of the prominent creative and business ecosystems in the Kingdom. This role plays a crucial part in shaping a more diverse and prosperous economic future for Saudi Arabia, the statement concluded.
