CANNES: The Saudi Cultural Development Fund has announced an investment in the movie industry at the annual Cannes Film Festival. The launch of the first Film Investment Fund for local and international investors came in the wake of an announcement of an $80 million budget to champion local talent, development and production. The CDF has now partnered with MEFIC Capital and
The Cultural Development Fund Highlights the Importance of Enabling the Kingdom s film Sector through Participation in International Red Sea Film Festival streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.