Saudi Arabia: Government to insure historical sites
Source: Middle East Insurance Review | Jun 2024
The Ministry of Culture and the Insurance Authority are working together on a project to insure historical buildings.
In a statement on the social media platform X, Minister of Culture Badr bin Abdullah Al Saud announced the new initiative enabling owners of artworks and historical buildings in Saudi Arabia to insure their properties, according to a report by Saudi Gazette.
He described it as a crucial step towards protecting cultural assets, emphasising the ministry’s commitment to preserving Saudi Arabia’s cultural heritage, developing infrastructure, restoring historical sites, caring for artworks and supporting the creative economy. M