News Summary

• The Saudi Film Commission has increased its film incentive to 60% as in an update of the cash rebate scheme first launched in 2021.
• The update, which was announced during a presentation at Cannes Film Festival, also includes mechanisms to streamline and speed up 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.
• The country’s efforts to become an international shooting destination are being hampered in the short-term by fallout from the Iran-u.s. war which has seen the former launch missile and drone strikes on its Gulf neighbors.