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New $100 Million Saudi Film Fund Chief Talks Need for Investments in Production and Infrastructure
Redha Alhaidar, head of the new $100 million Saudi Film Fund, discusses the need for investments in production and infrastructure in the kingdom.
The fund is being announced just as the Saudi Film Commission launches the second edition of the Saudi Film Confex confab in Ryadh where roughly 130 local, regional and international industry execs specialized in production, exhibition and studio construction, will be gathering Oct. 9-12. Ahead of Saudi Film Confex, Variety spoke with RMA Ventures chairman Redha Alhaidar, who noted that since the kingdom lifted its religion-related ban on cinemas in 2018 and started setting the wheels of Saudi Arabia’s film industry in motion “the quality of the [local] projects today is much better,” adding that he thinks “this will continue to develop because we see a lot of talent coming into the pipeline after realizing that the ecosystem is open and enabling.” One key aspect of the fund is that it’s geared toward two types of investments: media-related infrastructure and production, if I’m not mistaken.
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