The CEO of the Events Investment Fund (EIF) Naif Al-Rasheed said that the Fund and its partners would invest SR14 billion, which will result in SR28 billion of economic impact, and 160,000 direct and indirect jobs over the coming years. Speaking to Al-Ekhbariya, Al-Rasheed said that EIF aims in developing qualitative assets at a global level, which are 16 assets in theaters; 5 assets in conference centers; 5 assets in the indoor arenas, which will have several types of content such as sports, cultural, music, and much more. There will be 3 art galleries, 2 auto racing tracks, 2 horse-racing tracks, and 2 shooting ranges, Al-Rasheed said, pointing out that all of these constitute 35 assets. It is noteworthy that Crown Prince Mohammed Bin Salman, prime minister and chairman of the Events Investment Fund (EIF), had announced earlier the launch of EIF, a fund that aims to develop a sustainable infrastructure for the culture, tourism, entertainment and sports sectors across the Kingdom. The fund also aims to create strategic partnerships to boost local industry, increase foreign investment and contribute to Vision 2030’s aim of a vibrant society. EIF will conceptualize, finance and oversee development of more than 35 venues by 2030. The aim of EIF is to position the Kingdom as the global hub in these various event sectors, to provide world-class sustainable infrastructure for the delivery of an ambitious national events calendar and to create sustainable financial returns to support the Kingdom’s economic diversification efforts.