Cultural leaders from 20 of the world’s largest economies (Group of 20 or G20) along with other nations extended their support to the world’s $2.3 trillion cultural economy.
Participants agreed to continue their dialogue with annual meetings of the forum. The next meeting in the series to discuss the cultural economy will be hosted by Italy’s Ministry of Cultural Heritage and Activities and Tourism during its country’s presidency of the G20 in 2021.
Under the theme “The rise of the cultural economy: a new paradigm,” culture ministers and officials from international organizations in their inaugural meeting discussed heritage preservation, sustainable development and culture as a catalyst for economic growth.
The talks focused on employing new technologies, developing digital platforms for artistic expression while making cultural resources more easily accessible.
During his closing remarks in the gathering, Saudi Arabia’s Minister of Culture Prince Badr bin Abdullah bin Farhan Al Saud stated that “This high-level cultural presence at Saudi G20 Presidency illustrates our shared belief in the vital role of culture in propelling the innovation ecosystem of economies. The onus is on us to preserve our shared heritage for future generations and to produce and disseminate culture in a sustainable manner.”
The first G20 culture ministers meeting, organized by the Saudi Ministry of Culture and G20 Saudi Secretariat was virtual due to the unfavorable travel circumstances created by the pandemic