Arab News: Saudi Arabia announces inaugural $100m film fund at Cannes Film Festival

Redha Alhaidar, chairman of ROAA Media Ventures, told Arab News: “Saudi Arabia’s media and entertainment sector is rapidly evolving and plays an important part in the Kingdom’s cultural and economic transformation. 

“But we need to address three main obstacles to its growth: limited access to financial resources and international partnerships, infrastructure constraints, and talent shortages. 

“There is a wealth of untapped creative talent in Saudi Arabia and across the wider Middle East. By investing in local film projects, skills development and industry infrastructure, we can help unleash the region’s storytelling potential and support the creation of authentic, high-quality content that attracts international investment and competes on the global stage.”