The Fashion Authority is organising an investment tour to the British capital on 17 September to mark the closing of London Fashion Week, a key opportunity for fashion sector stakeholders to explore new investment avenues. The event will be held at The Twenty Two in the Mayfair area, a strategic location close to the activities London Fashion Week's main event is at, providing the ideal environment for engagement and networking.
The visit comes within the framework of the Fashion Authority’s ongoing efforts to maintain synergy with the strategic pillars and objectives of the Cultural Development Fund, to enhance and facilitate investments in the fashion sector and to increase private sector participation and contribution to the development of the sector.
The investment round aims to develop talent, engage the private sector and secure sustainable financing, in addition to attracting investment into the fashion sector by focusing on brand sources, developing financing channels and designing appropriate investment products.
The event includes discussion sessions with representatives from the Cultural Development Fund, the Ministry of Investment and the Fashion Authority to exchange views between international and local investment companies, highlight the sector's incentives and address challenges faced by investors.
The investment conference is sponsored by the Future of Fashion Initiative, which provides a leading platform for the Saudi fashion sector in information and data analysis, and a leading resource for insights into the Saudi fashion industry.
Key participants can benefit from information on the future of fashion by visiting the forum's dedicated pavilion and reading the latest edition of the report.
In addition, the Cultural Development Fund will present its financing programs and announce its collaboration with the Fashion Authority at an event to build connections between investors and promising local brands in the fashion sector. The Ministry of Investment will also present the support available to international investors and guide them to benefit from existing platforms.
Burak Kamkamak, CEO of Fashion Authority, said: “The investment round is a cornerstone of our strategy to position Saudi Arabia’s fashion sector at the forefront of the global industry. Our upcoming event in London confirms our commitment to building lasting relationships with international investors.”
He added, “The campaigns are effective in showcasing the diverse opportunities within our fashion ecosystem and value chain, from nurturing emerging talent to promoting innovation and sustainable development, and bringing together key players such as the Cultural Development Fund and the Ministry of Investment. We are actively working to encourage companies to expand in the Kingdom, In collaboration with Future Fashion we are also working to create an environment that enables international fashion brands to flourish with collaboration and dedicated support, and with the launch of the State of Fashion in the Kingdom 2024 report, we will provide valuable insights to guide international companies in making informed decisions about their presence in the Kingdom.”
For his part, Majid bin Abdul Mohsin Al-Hogail, CEO of the Cultural Fund, stressed that the investment tour in London represents an important opportunity to introduce global investors to the fashion sector and the exceptional investment opportunities in the Kingdom of Saudi Arabia. It believes that the Fund supports financial and development services that stimulate sustainable growth and support creativity in the region.
She emphasised the Fashion Authority's commitment to strengthening a vibrant and sustainable fashion system in the Kingdom, and that through initiatives such as the investment round, the Authority aims to create opportunities for local talent, engage with the private sector and secure sustainable financing for the industry.
Burak Kamkamak, CEO of Fashion Authority, said: “The investment round is a cornerstone of our strategy to position Saudi Arabia’s fashion sector at the forefront of the global industry. Our upcoming event in London confirms our commitment to building lasting relationships with international investors.”
He added, “The campaigns are effective in showcasing the diverse opportunities within our fashion ecosystem and value chain, from nurturing emerging talent to promoting innovation and sustainable development, and bringing together key players such as the Cultural Development Fund and the Ministry of Investment. We are actively working to encourage companies to expand their presence in the Kingdom through collaboration with Future Fashion. We are also working to create an environment that enables international fashion brands to thrive through collaboration and dedicated support. In the State of Fashion in the Kingdom 2024 report, we will provide valuable insights to guide international companies in making informed decisions about their presence in the Kingdom.
For his part, Majid bin Abdul Mohsin Al-Hogail, CEO of the Cultural Fund, stressed that the investment tour in London represents an important opportunity to introduce global investors to the fashion sector and the exceptional investment opportunities in the Kingdom of Saudi Arabia. The Fund supports financial and development services that stimulate sustainable development and support creativity in the region.
She emphasised the Fashion Authority's commitment to strengthening a vibrant and sustainable fashion system in the Kingdom, and that through initiatives such as the investment round, the Authority aims to create opportunities for local talent, engage with the private sector and secure sustainable financing for the industry.