JEDDAH: The Red Sea Film Festival Foundation has announced its SR37.5 million ($10 million) fund, which will support projects with directors from the Arab World and Africa, launching a new generation of filmmakers and supporting established auteurs as they bring their work from script to screen.
The Red Sea Fund will back more than 100 projects in its first year, creating a game-changing boost for filmmakers by supporting fiction, documentary, and animation feature films, as well as episodic content.
Additionally, Saudi nationals will be able to apply to the Red Sea Fund to support short films in development and production.
“Helping African and Arab cinema grow — that is a very exciting responsibility,” said Edouard Waintrop, the artistic director of the Red Sea International Film Festival (RSFF).
“That is what the Red Sea Fund will do at every stage of the making of the chosen movies and episodic content. In providing more than 100 grants of up to $10 million to help the development, production, and post-production of movies across the Arab World and Africa, the Red Sea Fund will help cinema that is in full metamorphosis.”
The Red Sea Fund is part of the foundation’s commitment to the regional screen sector, which also includes launching the inaugural RSFF from Nov. 11-20 in Al-Balad, Jeddah’s historic downtown.
The festival will see the launch of the Red Sea Souk, its marketplace and industry hub for the region. Red Sea Souk will include a project market, with pitching sessions of more than 20 projects from the Arab World and Africa, as well as a films-in-progress workshop.
All projects that apply to the Red Sea Fund will automatically be eligible for the Red Sea Souk.
The Red Sea Souk project market will take place from Nov. 12-15 at the RSFF as projects will compete for the Red Sea Development and Production Awards in the amount of $25,000 and $100,000.
• Fund will back more than 100 projects in its first year as grants will be awarded for development, production, and post-production.
• Inaugural Red Sea Film Festival will be held Nov. 11-20 in Al-Balad, Jeddah’s historic downtown.
The Red Sea Souk films-in-progress workshop will be held Nov. 12-15 at the RSFF as each selected project will compete for the Red Sea Post-Production Awards worth $30,000.
“Over the past two decades, we have seen the Arab and African film industry grow and flourish,” RSFF Managing Director Shivani Pandya said.
“The fund and the Red Sea Souk will provide more tools to support the Arab and African film business to make even more of an impact on the international marketplace with the launch of its project market and films in-progress workshop this November.”
The Red Sea Souk will also include panels, networking events, workshops, and booths connecting the international film community to the exciting new Saudi market.
Applications are welcome from around the world to support projects by African or Arab directors, as the Red Sea Fund is open through July 21.
The Red Sea Fund will be split across three main categories. The first is development, which aims to support bold and creative directors in developing live-action, emerging media, and animation projects from treatments to production-ready screenplays and concepts. The Fund will develop projects from Arab, African and Saudi directors that have a director and producer attached.
The second category is Red Sea Fund – Production, which targets projects going into production and is aimed at supporting any aspect of the shoot. Open to viable projects at the production stage, with a script, committed director and producer attached, as well as potential cast and confirmed timeline. The team can be emerging or established, but with proven experience in filmmaking.
The last category is Red Sea Fund – Post-Production, which supports all aspects of post-production on feature-length projects. Once a rough cut is ready, these grants will support filmmakers to complete their films and get them ready for distribution and exhibition. The team can be emerging or established, but with proven experience in filmmaking.