LONDON — The Sarajevo Film Festival’s 16th edition will open in July with the world preem of Oscar-winning director Danis Tanovic’s “Cirkus Columbia.”It’s the first film by the Bosnian-born director to be set in Bosnia and Herzegovina since “No Man’s Land” won an Academy Award in 2002. Adapted by the director with journalist and publicist Ivica Dikic, based on her novel of the same name, “Cirkus Columbia” is the story of a man who returns to Bosnia from exile in Germany with plenty of cash and high hopes for his life in the post-war country. A co-production between Bosnia and Herzegovina, France, U.K., Slovenia, Germany, Belgium and Serbia, the film stars Miki Manojlovic, Mira Furlan, Boris Ler, Jelena Stupljanin, Mario Knezovic, Milan Strljic, Svetislav Goncic and Almir Mehic. The fact that the fest will open with a Bosnia and Herzegovinian film premiere confirms its role as “the principal promoter of local films,” a spokeswoman for the festival said. “It is particularly rewarding to note that the presence of representatives of the leading film festivals, film institutions and funds defines the Sarajevo Film Festival as the festival chosen by filmmakers and production companies as the venue for world premieres of their films,” she said. The SFF runs July 23-31.