TAILOR MADE

Saudi Arabia, Merak Capital launch $80 million fashion fund

The Fashion Fund will invest across the industry, supporting Saudi labels, as well as beauty brands, e-commerce and technology companies

+ INDIGITAL.TV/Getty Images for Riyadh Fashion Week

Models walk the runway during the 1886 show at Riyadh Fashion Week last year

Riyadh-based Merak Capital has set up an $80 million private equity fund to support the fashion industry in Saudi Arabia, anchored by the kingdom’s Cultural Development Fund.

The Fashion Fund will invest across the industry, supporting Saudi labels,...