Saudi Arabia’s Prince Mohammed Bin Salman Nonprofit City and the Fashion Commission have signed a Memorandum of Understanding (MoU) to empower the Kingdom’s booming fashion sector.
In the presence of His Excellency Hamed bin Mohammed Fayez, Vice Minister of Culture and Vice Chairman of the Board of the Fashion Commission, the agreement was signed at the Ministry of Culture headquarters in Diriyah by Mr. David Henry, CEO of the City, and Mr. Burak Çakmak, CEO of the Saudi Fashion Commission.
The partnership will enhance cooperation between both entities to develop education and training programs for young Saudi designers, explore opportunities for incubation of entrepreneurs and attract talent and investors to the Kingdom’s fashion industry. It also lays the foundation for cooperation in hosting various fashion-related events and festivals in the City.
David Henry CEO Prince Mohammed Bin Salman Nonprofit City
“This partnership with the Fashion Commission is an important step towards enhancing the Kingdom’s fashion industry and aligns with the City’s vision to cultivate innovation and creativity in Saudi youth. We look forward to working together with the Fashion Commission to create opportunities that inspire the next generation of talent and cement the Kingdom’s position as a global leader in the industry while showcasing Saudi culture.”
The Fashion Commission has also signed a lease at the City Hub to build a world-class product development studio for product sampling and prototyping. The studio will be equipped with state-of-the-art machinery, technology and expertise to enable the growth of the fashion design ecosystem.
Mr. Çakmak, highlighted the importance of cooperation and the significant role of the fashion sector in the Kingdom’s cultural scene and added that “Fashion is a true reflection of Saudi heritage and identity. The signing of the memorandum of understanding reflects the commitment of the Fashion Commission to advance the growth of the Saudi fashion sector and enhance its contribution to the local economy in line with Vision 2030.”
