The Red Sea International Film Festival has announced that it has entered into a strategic partnership with the Cultural Fund as its official sponsor for its third session in 2023. This partnership comes as an extension of the Red Sea International Film Festival’s commitment to supporting talent. Cinema industry, promoting creativity and pushing the Saudi film industry into the global cinema scene. The two parties seek to spark a cultural revolution by diversifying the sector’s incentives, confirming the objectives of the Cultural Fund, which aims to promote the contribution of non-profit organizations to the growth and development of the Saudi film industry. Helping the Kingdom of Saudi Arabia achieve its vision and become a regional hub for the film industry.

In this year’s edition, the Culture Fund participates in various festival activities, starting with its own stage participation in the Red Sea International Film Festival Market, through which it interacts with local, regional and international filmmakers and organizes special lunches. It provided elite filmmakers and local and international companies with all the means to participate in networking sessions. Within the Red Sea 360 project, the Cultural Fund exchanged knowledge and experience on the needs of the Saudi cinema sector, the financial instruments it offers to the sector. , and its mechanism of collaboration with other governmental and non-governmental organizations to meet these needs.

It mentions; The Cultural Development Fund was established with the objective of implementing the sixteen cultural sectors identified within the National Cultural Strategy, including films. With this funding, the Fund confirms its firm support for the Saudi film industry and reflects its commitment to developing the entire industry and improving the quality of life in Saudi Arabia.

This strategic partnership provides a great platform to interact with professionals and experts and introduce them to the comprehensive funding packages it offers.Earlier this year, the fund launched one of the largest funding schemes dedicated to the film industry. The festival regularly gathers a collection of the best works produced by Arab and international cinema, thus providing a platform for both filmmakers and actors to showcase their work and talents.