RIYADH: Colnaghi, one of the world’s oldest art galleries, has signed an agreement with Sarat Investment Holding to open its first gallery in the Middle East.
Announced at the Cultural Investment Conference 2025, the investment in the Riyadh location is valued at SR10 million ($2.7 million), according to a press release.
The move marks Colnaghi’s expansion into the Middle East, aiming to strengthen its regional presence while supporting Saudi Arabia’s growing cultural and art market. The gallery is expected to create opportunities for investment and development within the Kingdom’s creative industries.
With the new gallery in Riyadh, Colnaghi aims to bring an advanced cultural and artistic experience within Saudi Arabia’s investment environment, contributing to the Kingdom’s cultural development and supporting its economic diversification goals.
The Cultural Investment Conference, an annual two-day event, highlights culture as a national identity pillar and an emerging economic sector. It brings together investors, entrepreneurs, and cultural institutions to explore innovative financing tools, partnerships, and investment opportunities across creative industries.
Source: www.arabnews.com