Saudi Aramco: London Championship to Witness Participation of World's Best Female Golfers    Saudi Arabia to Participate in the World Economic Forum 2022 with High-Level Delegation    KSA participates in 33rd emergency meeting of Arab Parliamentary Union    Misk Foundation services cover 490,000 beneficiaries and 170 startups in 2021    Prince Khalid meets US Secretary of State    North Korea claims progress despite thousands more with fever symptoms    Saudi Arabia arrests 12,458 illegals in a week    Netflix pays $59 million to settle tax dispute in Italy    Ministry clarifies way to change health status through Eatamarna in case there is error    Saudi Census 2022's self-enumeration deadline to end on May 25    SR200,000 in fine, 5 years jail on using force or threats to perjure    'Largest-ever number' in need in Syria, warns UN relief chief    Europe: WHO supporting countries affected by rare monkeypox outbreak    FII Institute unveils new Inclusive ESG Framework, invests €500,000 in green tech firm    Saudi woman finds out she is male after 20 years    Custodian of Two Holy Mosques Congratulates President of the Presidential Leadership Council of the Republic of Yemen on the Anniversary of the Unification Day of his Country    HRH Crown Prince Congratulates President of the Presidential Leadership Council of the Republic of Yemen on the Anniversary of the Unification Day of his Country    Saudi Press Report    Weather Forecast for Saturday    "Jeddah Art Promenade" Attracts Visitors of Jeddah Season with Live Shows on Waterfront    KSrelief distributes 400 food baskets in Afghanistan    Registration for "MEDIATHON" extended for additional 7 days    EU: Cooperation with GCC establishes a strategic partnership between the two parties    India's Nikhat Zareen wins gold at Women's World Boxing Championship    Leading personalities take over Ras Al Khaimah in new global brand campaign All-new digital-first campaign brings the Northern Emirate to life    Rare 1955 Mercedes sells for world record price at auction    FII's Environmental, Social and Corporate Governance (ESG) Summit in Emerging Markets kicks off in UK    Saudi Arabia Heads to Cannes International Film Festival to Promote Country's Flourishing Industry and Support Emerging Talent on World Stage    Saudi Arabia bags two gold medals at GCC Games    Salman bin Ibrahim to seek third term at AFC helm    US Soccer equalizes pay in milestone with women, men    Hospital admissions for eating disorders soar in Britain    Saudis in Cannes: Promoting country's flourishing film industry    STA signs over 90 agreements and MoU in Dubai ATM 2022    President of SAFF Participates in AFC General Assembly Meeting    Saudi Athletes Achieve Great Victories in the 2nd Day of the GCC Games Tournament in Kuwait    Jazan Hosts West Asian Beach Soccer Championship    Bollywood actor's tweet reignited debate over Hindi as India's national language    SFDA Advises to Wash Dates Well Before Eating    SFDA Advises Against Mixing Surplus of Iftar and Suhoor with Different Foods or Surplus from Other Days    Ministry calls on imams to avoid long supplications in Tahajjud Prayer    Nothing wrong with a Muslim celebrating birthdays, says Saudi scholar    Ranbir Kapoor and Alia Bhatt: Bollywood wishes for star couple on wedding    SFDA Warns Against Microbes Accumulation on Coffee when Stored Incorrectly    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    Pilgrims Perform Dhuhr and Asr Prayers at Arafat Holy Site    Council of Senior Scholars: Muslim Brothers' Group Don't Represent Method of Islam, rather only Follows its Partisan Objectives, Violating our Graceful Religion    Eid Al-Adha Prayer Performed at the Grand Holy Mosque    

Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.

Saudi Film Commission Announces Incentives for Local and International Producers
Published in Saudi Press Agency on 13 - 12 - 2021

The Film Commission saved the best for last at the Red Sea International Film Festival by unveiling a first glimpse of their film incentives package.
The Commission announced incentives for filming in Saudi Arabia, including feature length, documentaries, and animation projects, will receive a cash rebate expected to equate to up to 40% of qualifying costs, making it one of the world's most competitive incentive packages, even amongst established film markets.
On the announcement, the Film Commission CEO Abdullah Al Eyaf said: "We have been working hard to develop a competitive incentive package for local and international movie makers and content creators. Our ambition is high, we want Saudi to become a global hub for film, creative production and industry talent. The benefits of developing a world class film industry go beyond the sector and will strengthen the Saudi cultural ecosystem as a whole, driving economic growth and creating jobs across the country. "
Of the various global models for film incentives, the Film Commission will rely on cash rebates repaid to producers as a percentage of qualifying expenditure. A bespoke platform will be launched, and first applications are expected to be received by the end of quarter one, 2022.
The announcement follows on from the Film Commission's recent strategy launch, that sets out a roadmap to make Saudi Arabia a world-class film production hub.
The Film Commission's strategy focuses on six areas:
1. Ensuring a world-class talent pipeline and that homegrown talent can compete at a global level;
2. Creating a film sector that competes in terms of services, offerings and incentives;
3. Boosting domestic film production;
4. Attracting international production houses;
5. Embedding a regulatory framework that enhances the quick development of the sector; and
6. Promoting and distributing Saudi films in regional and international markets.
CEO Al Eyaf continued: "The strategy provides our roadmap to achieve our aspirations, working across the entire value chain to enable the sector. From talent development, infrastructure, and incentives, to creating a regulatory environment that drives the swift development of the sector, whilst increasing demand for Saudi produced movies through exhibition and distribution."
The film incentives reveal was made at the culmination of the first ever Red Sea International Film Festival. With the cinema industry in Saudi becoming one of the fastest growing in the Middle East, the sector has firmly established itself as the emerging market to watch.

Clic here to read the story from its source.