Morocco sees 50% drop in foreign investment in films

Five large US productions to begin early 2021

26 November, 18:08

    (ANSAmed) - RABAT, NOVEMBER 26 - Morocco's film center, the main operating center for all films made in the country, is ending its business year with a 50% loss in foreign investment on the previous year.

    Long a choice for filmmakers and especially major Hollywood production companies, since the beginning of the pandemic Morocco has been virtually empty of active film sets.

    The result, noted film center chief Sarim Fassi Fihri, is that ''we are ending 2020 with about 400 million dirhams off foreign investment (just over 36 millions euros), compared with 800 million last year''.

    There is hope for the future, though, he noted: ''five large American production have pledged to film here in Morocco in 2021''.

    The main concern shared with the rest of the world is the reopening of cinemas, Fihri said, noting that all cinemas in Morocco had been closed since March.(ANSAmed). (ANSA).

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