Saudi Arabia
Riyadh-led OPEC+ raises quotas as region teeters on escalation
Saudi Arabia, Russia and five other OPEC+ members meeting online Sunday agreed to raise oil production quotas for September, even as war rages across the Middle East.
Faced with persistent funding challenges at home, African producers and filmmakers should set their sights on Saudi Arabia and the Red Sea Fund.
Patrick Zuchowicki Jucaud © Mena Today
Faced with persistent funding challenges at home, African producers and filmmakers should set their sights on Saudi Arabia and the Red Sea Fund.
As reported by Variety two weeks ago, South Africa—Sub-Saharan Africa’s largest entertainment and media marketplace—still owes millions in unpaid claims to local filmmakers, putting dozens of international co-productions in limbo.
In contrast, Saudi Arabia’s Red Sea Fund has backed over 280 film projects since its inception in 2021, many of which have gone on to receive recognition at prestigious international film festivals. With a mandate to support creators from Saudi Arabia, the Arab world, and Africa, the fund recently extended its support to emerging filmmakers from Asia, further solidifying its global reach.
Saudi Arabia is rapidly positioning itself as a world-class media production hub, offering an attractive combination of funding, incentives, and infrastructure. The Saudi Film Commission’s tax rebate program provides up to 40% cash back on qualified production expenses, significantly reducing the financial burden on filmmakers.
Additionally, Film AlUla, a state-of-the-art studio located amid AlUla’s breathtaking landscapes, rivals global production centers, offering world-class facilities.
These initiatives are part of Vision 2030, Saudi Arabia’s ambitious plan to transform the Kingdom into a global destination for entertainment and media production.
Producers should focus on finding the right story—and there’s no shortage of narratives that bridge Africa and the Middle East. As MENA pay-TV services and OTT platforms such as Shahid, StarzPlay, OSN+, and Netflix MENA seek culturally authentic content, African filmmakers are well-positioned to meet this growing demand.
A compelling story, coupled with Saudi Arabia’s unmatched resources, could unlock new opportunities and elevate African storytelling to global audiences.
By Patrick Zuchowicki Jucaud
Patrick Zuchowicki Jucaud has over 35 years of experience operating in fast-developing entertainment and media markets. Today, he leverages his industry expertise to package and develop film and television projects, and foster international collaborations.
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