Wednesday, December 18, 2024

Saudi Arabia Commits EUR 50mn to Revitalize Paris’s Iconic Centre Pompidou

Must read

The Royal Commission for AlUla in Saudi Arabia has pledged EUR 50 million (approximately USD 52.4 million) for the extensive renovations of the Centre Pompidou in Paris. This contribution is part of a larger, estimated EUR 262 million (USD 275.5 million) refurbishment project slated to commence later this year. The agreement, signed by French Culture Minister Rachida Dati and Saudi Minister of Culture Prince Bader bin Abdullah bin Farhan Al Saud, underscores a deepening partnership between the two nations.

This collaboration is rooted in the comprehensive ten-year agreement established in 2018, aiming to foster cultural and economic ties. The initiative is a key component of Saudi Arabia’s Vision 2030 strategy, spearheaded by Crown Prince Mohammed bin Salman. This ambitious plan seeks to reduce the kingdom’s economic dependence on oil by transforming its cultural landscape and promoting international partnerships.

Prince Bader commented on the collaboration’s importance: “Our partnership with France is pivotal in our journey towards cultural diversification and global integration. These projects not only highlight Saudi Arabia’s rich cultural heritage but also our commitment to fostering international cultural dialogue.”

Alongside the Centre Pompidou renovations, the partnership aims to develop several Saudi cultural projects, including a new photography museum in Riyadh. Furthermore, France will lend its expertise to restore significant Saudi heritage sites, such as royal palaces, and assist in digitizing and conserving Saudi collections. This effort will be overseen by the National Library of France, ensuring that these treasures are preserved for future generations.

Cultural economist Dr. Marie Leclerc from the University of Paris noted, “This substantial investment not only bolsters France’s cultural infrastructure but also showcases Saudi Arabia’s commitment to becoming a global cultural hub.”

According to a report by the Saudi Ministry of Culture, the kingdom’s cultural sector is expected to contribute around USD 23 billion to the national GDP by 2030, driven by such strategic partnerships and investments.

In an exclusive interview with Middle East Observer, a senior official from the French Ministry of Culture emphasized the groundbreaking nature of this partnership: “This collaboration marks a new era of cultural exchange. It reflects a mutual respect and shared vision for cultural growth and innovation.”

As this project progresses, it will not only refurbish an iconic symbol of French culture but also pave the way for a vibrant cultural dialogue between the Middle East and Europe. The Centre Pompidou renovations are expected to attract global attention, highlighting the intersection of art, heritage, and international cooperation.

Reports

- Advertisement -spot_img

Intresting articles