NEOM named ‘principal sponsor’ of Red Sea Film Festival

NEOM features the largest purpose-built facility in the MENA region for screen production, gaming development and film and television vocational training.
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Updated 28 November 2023
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NEOM named ‘principal sponsor’ of Red Sea Film Festival

The Red Sea Film Foundation has announced NEOM as the principal sponsor of the Red Sea International Film Festival, ahead of the event’s third edition beginning on Nov. 30 in Jeddah. The partnership, which includes the powering of key components of the festival including the Red Sea Souk and Talent Days program, aligns with the shared vision of fostering a vibrant and thriving film industry in the region.

Over the past 18 months, NEOM Media Industries has cemented its reputation as the prominent regional media hub and a trusted global partner. NEOM features the largest purpose-built facility in the Middle East and North Africa for screen production, gaming development and film and television vocational training.

To date, NEOM Media Industries has supported and facilitated more than 35 productions of various scales and genres spanning Hollywood, Bollywood, and the Arab world. It has also been instrumental in supporting local Saudi features, setting new standards in the industry, and fostering talent development, industry education, innovation, and startup initiatives. 

The Red Sea Souk and Talent Days perfectly align with NEOM’s commitment to building the film industry workforce of the future by nurturing Saudi and Arab talent and creating career opportunities for talent to flourish. NEOM has successfully guided more than 1,000 young Saudis through industry-focused learning programs, offering post-graduation support in the form of placements, internships, and eventual full-time industry roles. 

Mohammad Al-Turki, CEO of the Red Sea International Film Foundation, said: “Our partnership with NEOM is significantly accelerating the growth of the local industry. NEOM not only opens doors to a diverse array of opportunities for filmmakers, both locally and on the global stage, but it has established itself as a creative and collaborative central hub for the region’s industry. NEOM shares our deep commitment to championing home-grown talent within the region, and we look forward to further strengthening the foundations of our flourishing industry with their invaluable support.”

Wayne Borg, managing director of media industries, entertainment, and culture at NEOM, said: “We are thrilled to be part of the third edition of the Red Sea International Film Festival. We have expanded our support this year to encompass the entire festival, having been part of the Red Sea Souk since its first edition. Empowering creativity and supporting talent is central to our mission. Through strategic partnerships and a dedicated focus on nurturing the next generation, we pave the way for a thriving media ecosystem in the region, amplifying opportunities to provide the industry-ready workforce of the future. The souk is a great reflection of the fast-evolving screen industry in the Kingdom, particularly its dynamism, vibrancy, and creative energy, and we are very proud to be the principal sponsor supporting it.”


25,000 attend Social Development Bank’s DeveGO25 forum

Updated 27 December 2025
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25,000 attend Social Development Bank’s DeveGO25 forum

The Social Development Bank concluded the second edition of the Entrepreneurship and Modern Business Practices Forum — DeveGo 2025 — announcing the achievement of high-impact outcomes that further reinforced the forum’s position as the largest national platform in the region dedicated to entrepreneurship, innovation, and freelance work in Saudi Arabia and beyond. 

The forum witnessed broad participation from local and international experts, investors, entrepreneurs, and representatives of local, regional, and international institutions.

Over three days at the King Abdulaziz International Conference Center, the forum drew 25,000 participants and visitors, who benefited from over 45 specialized workshops and over 2500 advisory sessions delivered by more than 70 consultants and experts. 

The sessions covered key areas including entrepreneurial planning, business models, venture capital, digital platforms, freelancing, and emerging technologies. 

The forum also featured 20 panel discussions with leading local and international speakers, addressing major global trends in entrepreneurship, including the future of artificial intelligence, the creative economy, digital transformation, and venture investment. 

The forum saw the launch of the Saudi Empretec Fellowship, in the presence of Rebeca Grynspan, secretary-general of the UN Conference on Trade and Development. 

The partners in success within the Social Responsibility Portfolio supporting entrepreneurs were honored. 

It also saw the honoring of 13 winners of the Handicrafts Competition, representing various regions of the Kingdom, the announcement of winners of the Salam Award for Promising Projects, and the recognition of leading entrepreneurial projects fund under the Enterprises Track. 

In addition, the NEXT UP Challenge concluded on the third day of the forum with 20 startups presenting their projects to more than 500 investors, enhancing opportunities for networking and partnership building.

As part of efforts to strengthen the support ecosystem, the forum witnessed the signing of 51 agreements, along with the launch of a suite of new financing products. These included the Capital Expansion Product with a ceiling of up to SR10 million, the Payroll Product with a ceiling of SR2 million, and the Rental Product with a ceiling of SR1.5 million, aimed at supporting enterprises in asset development and covering operational costs. 

This reflects the bank’s direction toward offering more specialized financing tools that respond effectively to market needs.

The forum concluded by reaffirming its role as a unifying national platform for entrepreneurship, where accompanying activities and events provided direct engagement opportunities between entrepreneurs, investors, and experts. 

The forum also highlighted success stories and practical experiences that reflect the scale of entrepreneurial momentum in the Kingdom and the growing role of the Social Development Bank in supporting a national economy driven by innovation and knowledge.