Saudi Arabia’s General Entertainment Authority has increased its financial support for small and medium enterprises in the sector to up to SR100m (US$26.6m)
The support aims to enhance and empower the entertainment industry in the country. The program offers coverage of up to 90 per cent, depending on the size of the enterprise.
Launched in 2022, the initiative provided financing of up to SR15m for medium enterprises, SR5m for small companies and SR2.5m for micro-businesses through approved banks and financing firms.
This program is coordinated by the Ministry of Finance, the General Entertainment Authority and the Quality of Life Program Centre, and it is part of a broader effort to support and stimulate investments in the entertainment sector. It aligns with the objectives of Saudi Vision 2030, which is to support and develop the entertainment industry across Saudi Arabia.
