Soudi arabia is offering cash rebates up to forty % of production spending for people who come to shoot feature films there. The government hopes that by offering these subsidies, you help to spark and industry which generates lots of miny sub industries. I think it's likely the country could break even if these big subsidies convince enough people to come to really set off a new industry. It depends how well the films do. If these are huge hits, then it could work out. From saudraba's point of view, i suppose the country could make money on this in the first instance. Theyre stumping at money as an investment with an eye on the future.
President Recep Tayyip Erdogan’s idea for saving the lira by backing deposits with dollars means the Turkish taxpayer will end up bailing out the Turkish depositor. Our correspondent finds striking insights in 40 years’-worth of humdrum submissions to a unique sociology project. And Saudi Arabia’s multi-billion-dollar push into the cinema industry it outlawed for decades.
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