Turki Al-Sheikh Launches Big Time Investment Fund
The fund will prioritize investments in Saudi, Gulf, and Arab films.
Turki Al-Sheikh Chairman of the Board of Directors of the Saudi General Entertainment Authority (GEA), has unveiled the Big Time Investment Fund to enrich the landscape of Arabic content in film production, distribution, and manufacturing.[1]
The fund boasts the participation of artists from across the Arab world. The authority will spearhead the sponsorship of the fund, with the Ministry of Culture assuming a pivotal co-sponsorship position. Complementing this collaborative endeavor, a consortium of specialized companies, including Sela Studio, SMC Company, Rotana Audio Visual Co., and Benchmark Company, will also contribute their expertise and resources to drive the fund's objectives forward.
In its initial phase, the fund will prioritize investments in Saudi, Gulf, and Arab films, aiming to catalyze growth and innovation in the regional film industry.
The announcement was made during Al-Sheikh's visit to Egypt, where he was engaged in a series of high-level meetings with key stakeholders from both the public and private sectors to enhance entertainment cooperation.