As expected, Saudi Arabia has unleashed its considerable financial clout to attract big-budget international productions to its shores and boost domestic filmmaking.
The country, which just opened its first cinema in 2018 after a 35-year ban, on Monday announced a healthy package of deals on feature films, documentaries and animations, including a full refund. Competitive cash back equal to 40% of total qualifying spending. Organized by the Saudi Film Commission, the program is expected to receive its first applications by the end of Q1 2022, with a new platform to be launched.
The news comes from the inaugural Red Sea International Film Festival, Saudi Arabia’s first official film festival currently taking place in the coastal city of Jeddah. Highlighting how much the country’s nascent film industry has grown in just a few years, it was also announced just weeks after the biggest movie ever shot in the kingdom was first announced, 100 million dollars or more. Fighter of the Desert starring Anthony Mackie. Meanwhile, the second biggest action thriller, Gerard Butler Kandahar, recently started production.
“We have been working hard to develop a competitive incentive package for local and international filmmakers and content creators. Our ambitions are so high, we want Saudi Arabia to become a global hub for film, creative production and industry talent,” said Film Commission CEO Abdullah Al Eyaf. “The benefits of developing a world-class film industry extend beyond this and will strengthen Saudi Arabia’s overall cultural ecosystem, spur economic growth and create jobs around the world. across the country.”