RIYADH: Saudi Arabia has raised film incentives to 60 percent to boost film production in the Kingdom.
The Saudi Film Commission has announced the updated cash rebate program as part of efforts to support growth in the sector, attract high-quality projects and strengthen Saudi Arabia’s position as a global destination for filmmaking, reported the Saudi Press Agency.
The update includes raising incentive rates to a maximum of 60 percent of eligible expenditures, alongside enhanced mechanisms to ensure sustainable value for film projects.
The announcement came as the commission is taking part in the ongoing 79th Cannes Film Festival, where filmmakers, producers and investors from around the world gather each year.
The updated cash-rebate program introduces a set of practical enablers that support every stage of production through clear processes, streamlined pathways and competitive financial support.
