Saudi Arabia Officially Launches $233M Film Sector Financing Program Aimed At Local & Int’l Companies

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Saudi Cultural Development Fund has officially launched its Film Sector Financing Program, offering financial support to local and international film companies that want to get involved in the coun…

, offering financial support to local and international film companies that want to get involved in the country’s burgeoning cinema industry.

The CDF added that the financial packages offered under the program are geared toward small and medium enterprises in response to interest in that segment of the emerging film and TV sectors from local and international investors and film enthusiasts. The program is split between two key funding streams: a lending stream, under which companies can take out loans and keep ownership of their projects, and an investment stream, aimed at production and infrastructure projects.

 

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