Saudi Arabia’s Big Bet on the Gaming World.
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Saudi Arabia's Big Bet on the Gaming World.
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Saudi Arabia’s Big Bet on the Gaming World
Saudi Arabia, under the leadership of Crown Prince Mohammed bin Salman, is rapidly reshaping the global video game industry. The kingdom’s Public Investment Fund (PIF) is making substantial investments, creating waves in the gaming world.
The Kingdom’s Gaming Strategy
Saudi Arabia’s investments aren’t limited to sports; they’re extending into movies and video games. The nation aims to become a gaming powerhouse. Through the PIF-funded Savvy Games Group, acquisitions include mobile developer Scopely and esports organizations ESL and Faceit.
Key Goals of the Investment
Impact on the Gaming Industry
This significant investment mirrors trends, but the intensity is unprecedented. Saudi Arabia’s entry into esports is viewed as impeccable timing. The aim is to become integral to several industries.
A Broader Strategy
The investments also extend to maintaining international power. Video games are a means to achieve this.
