New York’s Met Opera unveils Saudi collaboration to boost finances

The Metropolitan Opera in New York announced Wednesday an agreement to perform in Saudi Arabia and provide artistic training in the oil-rich kingdom as it works to shore up a creaky financial outlook.

The prestigious cultural institution, which received a Moody’s credit downgrade just days ago, will travel to Riyadh for five years to perform during the opera house’s winter break under an agreement with the Saudi Music Commission.

The performances will be at the Royal Diriyah Opera House, which…