The Saudi Film Commission has raised its money rebate programme from 40% to as much as 60% of eligible expenditures, making it one of the crucial competitive film production incentives on the planet. The announcement was made by CEO Abdullah bin Nasser Al-Qahtani on the Marché du Film through the 79th Cannes Film Festival.
Big relief for Indian film producers – Saudi Arabia offers 60% incentive rebates to draw productions in the dominion
The update goes beyond the headline rate increase. It also introduces accelerated disbursement processes, enhanced money flow efficiency for production firms, and a brand new model for managing and distributing incentives, developed in partnership with the Cultural Development Fund.
Chatting with Variety, Al-Qahtani said, “Today’s announcement was not only that we’re raising the rebate to 60%. We would like to be not only probably the most generous incentive, but additionally probably the most agile one.”
In a proper statement, he added, “We’re focused on developing an integrated ecosystem that allows filmmakers to work with confidence, empowers the private sector, and attracts quality investments that contribute to transferring expertise and knowledge to local talent.”
Cultural Development Fund CEO Majed bin Abdulmohsen Al-Hugail said, “Today, the speed and clarity of procedures have turn into key aspects shaping production and investment decisions in the worldwide film industry. Through this programme, we aim to offer a more efficient and versatile experience that meets the needs of projects at various stages and strengthens the Kingdom’s position as a reliable partner for international productions.”
Saudi Arabia’s money rebate programme was first introduced in 2021, following the reopening of cinemas within the Kingdom in 2017 after a 35-year ban.
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