Riyadh: Saudi Sarat Investments Holding has signed an agreement with Colnaghi, one of the world's oldest auction houses, established in France in 1760, to open the company's first office in the Middle East.
According to Saudi Press Agency, the agreement was signed during the Cultural Investment Conference organized by the Ministry of Culture at the King Fahd Cultural Center in Riyadh. The event is part of broader efforts to explore the future of cultural investment from a strategic perspective.
The agreement highlights the recognition of culture as a developmental asset that contributes to the gross domestic product (GDP) and fosters job and production opportunities for various segments of society connected to cultural fields. This initiative is one of the key outcomes of the Cultural Investment Conference.