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Abu Dhabi Close to Approving First Two Projects Using 30 Percent Incentive

by Tim Adler.

Abu Dhabi is close to approving the first two projects to access its new 30 percent production inward investment incentive. Another five projects are in the mix waiting to access the incentive, which went live on September 1.

Wayne Borg, Deputy CEO of local media authority TwoFour54 — which lobbied for the incentive — would not elaborate about whether the bulk of applications are from movies or TV shows. “We’re not trying to engineer a particular mix,” he said.

Neither would he say how much cash has been earmarked to attract Hollywood productions. Studio movies that have shot in the United Arab Emirates recently include Mission Impossible – Ghost Protocol and The Bourne Legacy.

Read the rest of this article from Hollywood Reporter.

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