NEOM LAUNCHES NEW SOUND STAGE & HOSTS INTERNATIONAL INDUSTRY SHOWCASE

NEOM, Kingdom of Saudi Arabia, [April 17, 2023]: NEOM recently attracted 140 global leaders across the TV and film industry to its showcase event. It's a global offering of stages, production support facilities, talent, and crews. Desirable production incentives (generous 40%++)were displayed, cementing its reputation as a leading production destination and industry hub for the Middle East and North Africa region.

The two-day event was a rich and varied program, as was the participation, with guests from KSA, North America, Europe (UK, France, Belgium, Germany, The Netherlands, Portugal), UAE, Turkey, India, and Morocco. It commenced with all experiencing NEOM's extensive production facilities and the stunning array of breathtaking locations across its vast and varied landscapes. It is considered one of the largest industry gatherings ever to visit the country.

On the second day, they focused on the future and the industry's challenges. The Future of Storytelling and Production was the conference theme, with a diverse background of participants from across the industry, including TV and film producers, major global production companies, investors, industry financiers, and service providers. It made for lively and dynamic sessions and was genuinely thought-provoking and stimulating. Wayne Borg, Managing Director of Media Industries, Entertainment, and Culture at NEOM, said: "This event was a huge success. The response from the industry attending was overwhelming. Our ability to attract the numbers and caliber of industry leaders we had at NEOM for our event demonstrates our offering is resonating and is competitive on the world stage; Whether it's our world-class facilities, our amazing crews, or our globally competitive 40%++production cash rebate incentive, the package is in place and working. Everyone experienced firsthand our rapid and dramatic buildup in capacity and capability, reflecting the seriousness of our intent and ability to compete across the value chain internationally."

The showcase also celebrated the opening of NEOM's second purpose-built, industry-standard, 2,400m² sound stage at its Media Village. This brings the total of operational steps to four, offering 12,000 sqm of production space in addition to support and backlot facilities. A further six stages providing 10,000 sqm of production capability, including a volumetric step, are under development and set to open by the end of 2023 NEOM's facilities include resort-style accommodation for 350 casts and crew, rising to 500 by the end of the year. Guests got to experience firsthand this sumptuous accommodation as cast and crews would Collectively NEOM's facilities rank as the largest in the region, reinforcing their position as the leading TV and film production hub in the area—the only ones of their kind in the region.