Qatar-based Alnoor Holding has announed plans to raise the budget for a planned movie series on the life of Prophet Mohammed to $1bn.
The biopics will be produced as a series of seven films instead of three films as per an earlier announcement in 2009, Alnoor chairman Ahmed Al Hashemi was quoted as saying by AFP.
Alnoor announced in 2009 that it was seeking financing for the film series, to be produced by Barrie Osborne, a Hollywood veteran whose credits include Lord of the Rings and The Matrix.
Qatar-based Sunni cleric Sheikh Yusuf Qaradawi, head of the Association of Muslim Scholars, will lead research on the film and serve as technical consultant on the project, AFP reported.
The company said the film will be in English and will be translated into several different languages "to correct the wrong image Western societies have of Islam".
In October 2009, Alnoor launched a $200m international movie fund which plan to invest in at least 10 projects over the next five years.
Alnoor Holdings, owned by the Al-Hashemi group, said it was committed to "becoming the most dominant international media and entertainment player".
A lack of quality content in Arabic cinema, drama and theatre that prompted the company to establish an entity like Alnoor Holdings, official said at the time.