Saudi Film Commission Ups Film Incentive to 60% As Country Reboots Cinema Drive

The Saudi Film Commission has increased its film incentive to 60% as in an update of the cash rebate scheme first launched in 2021 as the country attempted to kickstart a film industry following the lifting of a 35-year cinema ban in 2017.

The update, which was announced during a presentation at Cannes Film Festival, also includes mechanisms to streamline and speedup the application and reimbursement processes.

The increase in the rebate comes amid a reset for Saudi Arabia’s film industry, following a poor showing at the box office, at home and internationally, for early flagship production Desert Warrior, while other ambitious projects such as the Neom film and media hub has been reduced in scale.

Related Stories

Asghar Farhadi On Being Shaken By Iran War Events During Post Of 'Parallel Tales' - Cannes