Marking the opening of the festival, Crown Prince Abdullah, on behalf of King Fahd, announced the awarding of the King Abdulaziz Medal, First Class, to Prince Abdullah Al-Faisal Al Saud, Sa'ad bin Abdullah Almi'jel, and Muhammand bin Salih bin Sultan as the three most distinguished Saudi businessmen for the year 2002. Minister of Commerce Osama Faqih, in his address, pointed out that the Saudi private sector's contribution to the national economy amounts to over 40 percent of the Gross Domestic Product. Also announced was the selection of author Ahmed bin Ali Al-Mubarak as the Cultural Personality of the 18th Festival.