Collaborations in cinema and entertainment are expected to play a crucial role in the promising new era of cross-sector cooperation between Saudi Arabia and India as part of their strategic partnership.Barely four years after the resumption of movie screening in the Kingdom, the movers and shakers of India’s multibillion-dollar Hindi film industry, better known as Bollywood, are being invited to seize the opportunities opening up in a fast-changing country that now aspires to be a world-class center for film.
The twin facts of India being a market with immense potential and the presence of a large Indian diaspora in the Kingdom make the nation of 1.38 billion people a natural partner for Saudi Arabia as it seeks to diversify its economy away from oil and into the creative industries, among other fields.
“I see a huge potential for future collaboration on film production and other cultural sectors between India and Saudi Arabia,” Saudi Minister of Culture Prince Badr bin Abdullah bin Farhan wrote in an opinion piece for The Times of India newspaper on May 1, following a three-day visit.
“We have seen many synergies across the value chain of filmmaking, such as the co-production of family-oriented content, infrastructure development and nurturing local talent.” Under Saudi Arabia’s Vision 2030 social and economic reform agenda, the government aims to increase household spending on cultural and entertainment activities inside the Kingdom from 2.9 percent to 6 percent.
To achieve this, the Kingdom has been allocating resources generously to the domestic film industry, as well as opening scores of new cinemas, concert venues, sports arenas and leisure facilities across the country.
Having long enjoyed cordial diplomatic and commercial relations with New Delhi, Saudi authorities now aim to build mutually beneficial ties with India’s highly successful Hindi film industry.
Saudi Arabia’s Ministry of Culture established its dedicated Film Commission in February 2020 to help transform the Kingdom’s film industry into a major economic driver. Existing collaborations with Bollywood have already resulted in an increase in the distribution and exhibition of Indian films in Saudi Arabia.
“Kaala,” a film by the iconic Indian actor, producer and screenwriter Rajinikanth, became the first Indian film released in the Kingdom in 2018, while the acclaimed Bollywood film “83” premiered at the Red Sea International Film Festival in 2021.
The potential returns from an expanded partnership are huge. The global film and video market reached a value of nearly $234.9 billion in 2020, having increased at a compound annual growth rate of 2.4 percent since 2015.
The market is expected to reach $318.2 billion by 2025, and $410.6 billion by 2030. “With the Indian film industry being one of the largest and most celebrated in the world, and as Saudi Arabia aims to become a world-class center for film with an anticipated contribution of $6.9 billion to the Kingdom’s GDP by 2030, there are numerous opportunities for the film industries of both nations,” Prince Badr said.
“From talent, through to production, distribution, and technical know-how across the value chain, there are plenty of areas for both countries to collaborate and create content that is suitable not just in their respective countries, but also for a global audience.”
As chairman of the Film Commission, Prince Badr led a Saudi delegation to India in April to discuss ways to expand cultural partnerships, particularly in the film industry. During the Saudi delegation’s visit, Film AlUla’s representatives met prominent Indian filmmakers, including Shah Rukh Khan, Salman Khan and Akshay Kumar.
“The Indian film sector is among the best known and most successful in the world and, during our recent visit, we were delighted to meet with many of the industry’s most celebrated individuals and entities,” Abdullah Al-Eyyaf Al-Qahtani, the Film Commission’s CEO, told Arab News.
“With our own film industry among the fastest growing in the Middle East and North Africa, we can learn much from Bollywood and introduce opportunities to key Indian productions and businesses in Saudi Arabia. We hope to continue to bolster ties with India as the Saudi film sector reaches new heights both at home and abroad.”
India and Saudi Arabia have enjoyed decades of strong economic and socio-cultural ties since formally establishing relations in 1947. These ties were cemented during the 1950s when King Saud and Prime Minister Jawaharlal Nehru exchanged visits — a cordiality that has continued to this day with similar visits by Saudi Crown Prince Mohammed bin Salman and Indian Prime Minister Narendra Modi.
Plans to bring Bollywood to Saudi Arabia have been underway for several years. In February 2019, the Kingdom’s General Entertainment Authority signed two agreements with Indian firms committing to host a series of concerts featuring top Hindi cinema artists.
The agreements were reached at the Saudi-Indian Forum in New Delhi during Crown Prince Mohammed bin Salman’s 2019 visit to India, when he envisioned investment opportunities of more than $100 billion in India.
An aerial view shows the Bibby Stockholm barge moored at Portland Port, near Poole, Britain on August 7, 2023.—...
Chinese Defense Minister Dong Jun attends the Shangri-la Dialogue in Singapore on June 2, 2024. — ReutersBEIJING:...
Elise Stefanik, a Trump loyalist congresswoman and Lee Zeldin, Trump's pick to lead the Environmental Protection...
A representational image of a burglar. — X/@merriamwebstar/FileTOKYO: Japanese police said on Wednesday that they...
Myanmar's Commander in Chief Senior General Min Aung Hlaing salutes as he attends an event marking Martyrs' Day at...
A Ukrainian service member attends military exercises during drills at a training ground, amid Russia's attack on...