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Saudi Arabia has taken another step in its push to become a movie production hub by launching its long-awaited 40% cash rebate to grow the local economy.

Nick Vivarelli International CorrespondentThe Saudi Film Commission has announced its long gestating incentive for film productions in the kingdom which consists of an up to 40% cash rebate.Ever since it lifted its 35-year-old religion-related ban on cinema in 2017, Saudi has been experiencing a boom in all aspects of film industry activity,  becoming West Asia’s top-grossing territory in terms of theatrical box office returns. Attracting international film and TV productions is clearly a key part of this government-driven effort.Details of the Saudi rebate, which was announced in Cannes, remain scant besides the fact that it provides up to 40% of spend in cash back for film productions that recruit Saudi crew and talent above and below the line and feature the kingdom’s “culture, history and people along with showcasing the diverse selection of landscapes in Saudi Arabia,” a statement said.