Established by Royal Decree No. (A/91) in 2019, EIF aims to elevate the events industry in the Kingdom and build cutting-edge venues to host world-class events in the culture, entertainment, tourism and sports sectors. EIF venues will include indoor arenas, art galleries, theaters and conference centers, horse-racing tracks and motor racing tracks.
The fund will be capitalized to develop 35 unique world class venues across the Kingdom, to facilitate the successful delivery for the ambitious national events calendar. EIF will further raise capital by providing high-return opportunities and facilitate fruitful partnerships with the private sector.
In addition to its role in realizing the economic goals of Vision 2030, EIF will be at the forefront of driving wide-reaching social benefits by enriching the quality of life of citizens, residents and visitors.