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.

With the war in Iran throttling tourism and business travel in the region, the Kingdom is doubling down on financial support for its film production sector.

Saudi Arabia has raised its film and TV production rebate to a whopping 60% and streamlined the red tape to tap into it

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…