The film, set in 2003 when Hussein's power was at its peak, will narrate the story of an Indian look alike of the late Iraqi leader.
"The film is set in 2003 when his power was at its peak. An Indian, who looks similar to Saddam Hussein, gets stuck in his palace and people think he is Saddam," Kaizad told PTI.
Asked if he has taken inspiration from Hollywood film "The Devil's Double", which is an alleged biography of the playboy son of Hussein, the director said his story is fictional.
"The Devil's Double" was based on the story of Latif Yahia, an Iraqi soldier who claims he was forced to become a body double for Uday Hussein.
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It was earlier reported that actor Boman Irani will helm the titular character of Saddam but Kaizad denied it.
Kaizad, who helmed Amitabh Bachchan starrer box office disaster "Boom" in 2003", has made a comeback in films after a decade with "Jackpot".
It will release February 2013. He is also working on a masala entertainer "Auto Bhagwan".