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Saudi Film Hub Rises with 60% Rebate Boost
21 May
Summary
- Saudi Arabia offers a 60% film production rebate, one of the world's largest.
- AlUla Studios partners with MBS Group, boosting local film industry training.
- Two Saudi films, 'Norah' and 'Hijra,' gained international festival recognition.
Saudi Arabia's Film AlUla is solidifying its position in the kingdom's film industry development through strategic partnerships. A recent panel discussion at the Cannes Film Festival highlighted these efforts, including collaborations with the MBS Group and the Red Sea Film Foundation. A primary focus is the crucial need for training local talent for industry jobs, facilitated by these alliances.
The Red Sea Film Foundation offers projects the opportunity to shoot in AlUla, showcasing Saudi films like "Norah" and "Hijra" which achieved international festival recognition. AlUla boasts advanced studio facilities, with plans for expansion to accommodate high-budget productions. Stampede Ventures' "Chasing Red" marked the first Hollywood movie entirely filmed in Saudi Arabia.
An announcement at Cannes revealed Saudi Arabia's film and TV production rebate has increased from 40% to 60%. This significant incentive, among the world's largest and most user-friendly, is poised to maintain momentum and attract a greater volume of both local and international productions to the region.
