Saudi Arabia has announced the launch of an $80 million Fashion Fund, a strategic initiative designed to empower local brands, foster innovation, and project Saudi talent onto the global stage.
The fund is part of the Kingdom’s Vision 2030 roadmap to diversify the economy and build sustainable creative industries. With fashion identified as both a cultural and economic driver, the initiative aims to position the Kingdom as a competitive global hub in the sector.
Key objectives of the fund include financing startups and SMEs, supporting emerging designers, and investing in training and capacity-building programs to strengthen the entire fashion ecosystem.
It also seeks to establish international partnerships, linking Saudi designers and brands to major fashion capitals and global markets.
This bold investment is expected to elevate Saudi Arabia’s status as a regional and global center for fashion and design, while also creating new jobs, boosting creative exports, and building cultural bridges that align with the Kingdom’s broader vision of innovation-driven economic growth.
