It was actually business oriented - Take-Two's earnings call this month lol. It was deliberately designed to keep things low-key with nothing too exciting on display... it's a year away from release.
As in, they should have explored other countries? I totally agree with the devs who said that GTA is quintessentially American. They should make new IPs if they want to make games in other settings.
Not hard to believe at all, although most of it would be probably spent on GTA online. Even linear games like The Last of Us 2 apparently cost 220 million to make.