Kenton Oxley and Hassiba Freiha. Courtesy
Kenton Oxley and Hassiba Freiha. Courtesy

Meet Kenton Oxley and Hassiba Freiha: the first couple of Emirati cinema



Kenton Oxley has plenty to say about the current state of the UAE film industry, and among the first is that he believes it's time the government stepped back and let the private sector fend for itself after years of offering incentives and funding for productions taking place in the UAE. "Abu Dhabi's industry has had bumps in the road, but it is now beginning to do what it needs to do. I don't think the government needs to be involved in the private ­sector anymore. We've proved that you can make big international productions without government assistance or funding and now we want to try and do the same things in other markets."

Oxley is well-qualified to offer an opinion. The British national came to the UAE around the turn of the decade, previously working in the UK broadcast and production industry for ten years. He was formerly part of the team at twofour54 that developed the 30 per cent rebate for production, and a firm believer that such systems work and should be continued, despite his call for less government help elsewhere. Now, he is the founder and chief executive of Knockout Productions, an Abu Dhabi production services provider that has previously acted as a local producer in the UAE on shows and movies including Top Gear and The Grand Tour, as producer for the shoot in India for the ITV drama Next of Kin, and is currently in Malaysia, where Knockout is providing production services to The Crown producer, Left Bank, for season seven of the Cinemax/Sky actioner Strike Back.

It's unusual to hear someone talk so optimistically about the state of the UAE's private production sector. It's far more common to hear tales of lack of funding and support, and an absence of skilled professionals from local filmmakers, but Oxley is a pragmatist. "I was part of the original studies on the rebate, and I'm a big believer that they work. Do I think that will result, overnight, in the whole of your camera department or the whole crew being Emirati? Of course not. The British film industry took over 100 years to get to where it is now," he says. "But do I think crews coming in will need hotels and food, and bring money into the economy? Yes. I still get emails from Qasr Al Sarab to say 'thank you' for shooting Bang Bang and Baby there because they are booked out every weekend for destination weddings. What you're talking about, the local industry, that takes time to develop."

Oxley notes that currently, Knockout is one of few production companies bringing revenues into the UAE, not only through the productions it has helped to bring to the UAE, but also, as an entity based in Abu Dhabi, through the revenues it brings in from its international work across five continents. There’s also a kind of altruism to Oxley’s international work, albeit a rather familial one. Oxley’s Emirati wife, Hassiba Freiha, runs Knockout’s sister company Intuitive, which is dedicated to original content creation. Both companies were set up under a scheme that sought to assist local entrepreneurs, and currently, many of the earnings from Knockout’s day-to-day work that help to make other people’s ideas become reality is diverted straight back into the Emirati film industry as funding for Intuitive’s first feature – an as-yet-unnamed film for which Freiha is currently finessing the script. The movie will be around 60 per cent in Arabic and 40 per cent in English, and is likely to film in Jordan, Morocco and Abu Dhabi.

Naturally, Knockout will act as producer for the film, and the crew includes members that have worked on films like Mad Max: Fury Road and Peter Rabbit. Oxley has high hopes for the finished product: "I'm quite proud of what we're doing – bringing in our international experience to apply proper script development, proper production standards and international levels of finance to make a show that isn't just an 'OK' local project, but a feature of international standards," he says. "If people like Left Bank, and Sony trust us to make shows that screen all over North America and Europe, then I think we can also be trusted to make our own show that is of an ­international standard, not just produced for the sake of it, to tick boxes." With so much talk of the film's international appeal, I wonder if the pair think scripting most of the film in Arabic could present a hurdle to international success. Freiha thinks not: "Because of the likes of Netflix, there's so much hybrid content and cross-cultural stories out there, and I think there are two main reasons for that.

“Firstly, a lot of people, like me, grew up in a cross-cultural environment. My mother’s American, and both English and Arabic were very much a part of my experience growing up,” she says. “Secondly, with globalisation, I think hybrid films offer a new way of really connecting with audiences globally. I think foreign films aren’t even seen as foreign now, they’re just seen as films that are told in a different language that people may connect to differently. I guess you could call that a ­hurdle, but I choose not to. I see it as offering the best of both the Western and Middle Eastern cultures.”

Her husband agrees, and notes that the film’s “foreignness” could even be advantageous on the festival circuit. “Like any supposed negative, it can also be a huge positive,” he says. “If I’m making a not-huge-budget, say about US $10 million (Dh36.7m), film about family life and I do it in a different language, it’s actually going to get more exposure on the international film circuit, and that’s not the case when there’s so many English language films. If we can tell a really poignant story that really gets into a society, that’s going to achieve a much higher level of global awareness.”

Oxley admits that festival exposure does not necessarily equate to box-office success, but adds that box office is not the vital piece of the film finance puzzle it once was. “There’s a definite appetite for foreign-language films, particularly on the new platforms. The audience is there if it’s done well,” he says. “As Knockout, we already have distributors randomly contacting us looking for Arabic content, so something like this film would be perfect – it’s a low-risk investment. They don’t need to pay for it to be made. If you look at Netflix, they’ve done loads for indies and even shorts, so I really think there’s a market there.”

The fact that both have mentioned Netflix seems to say a lot about where the industry is headed right now, however both insist they are not making a film aimed specifically at the streaming giant, or any other streaming service, though they’d be happy to see it end up there. “The goal is to start off on the festival circuit,” says Freiha. “Distribution can happen on back of that, and something we’re very much looking for globally, whatever form it may take. But the first hurdle is getting festival recognition.”

The new movie will be the latest in a long line of Hollywood, Bollywood and local movies to have shot in the UAE recently, but Oxley insists such flagship projects are the icing on the cake, not the bread and butter of building the local industry: "Personally, I'd rather see big serialised dramas coming in than big Hollywood movies," he says. "Hollywood can afford to fly everyone out. They're great to get, and they're good for local pride and tourism, but I'm not sure how much they do for the local industry. Big series come out for weeks, they might come back for a second series and more, and they need a lot of local crew. They might have the same budget as a film, but for hours of content, so they have to spend it wisely. On Strike Back in Malaysia we're about 60 per cent locally crewed. That's what builds an industry."

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MATCH INFO

 

Maratha Arabians 107-8 (10 ovs)

Lyth 21, Lynn 20, McClenaghan 20 no

Qalandars 60-4 (10 ovs)

Malan 32 no, McClenaghan 2-9

Maratha Arabians win by 47 runs

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

House-hunting

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Key facilities
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The years Ramadan fell in May

1987

1954

1921

1888

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