The goal is to make Saudi Arabia an arts hub, with a center to promote contemporary art making and viewing, reports Bloomberg. 

On Monday, Mater announced details in the Trustees Room at the Museum of Modern Art in New York. A planned Misk Art Institute in Riyadh will extend the crown prince’s Misk Foundation and its modernizing mission in educational, social, and cultural endeavors.

The Misk Art Institute will have “exhibition galleries, creative spaces, spaces for meetings, workshops, makers spaces, as well as educational programs,” Mater said, speaking to an audience that included Glenn Lowry, the director of MoMA. In the works is the Saudi Pavilion at the 2018 Venice Architecture Biennale, an inaugural “New York Arab Art Festival,” a multi-week arts series in October, and an initiative to send young Saudi artists to California via a new educational program called “Create and Inspire,” according to Bloomberg.