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Dialuna, 3 October 2022 AWEMainta Gaming

Saudi Arabia plans to invest billions in eSports

“WE are harnessing the untapped

potential across the eSports and
games sector to diversify our economy,
drive innovation in the sector and
further scale the entertainment and

eSports competition offerings across
the kingdom,” said Saudi Crown Prince
and Chairman of Savvy, Mohammed
Bin Salman.

Saudi Arabia plans to invest 38 billion
US dollars in eSports to help diversify
their economy. Savvy Games Group,

plans to buy and develop a game
publisher and take minority stakes in
some gaming companies.

“Savvy Games Group is one part of
our ambitious strategy aiming to make
Saudi Arabia the ultimate global hub Inc. companies, and another $5.3 billion to
for the games and esports sector by support Savvy Games strategic part-

2030,” MbS said in a statement. The 38 billion US dollars investment nerships.
will be divided into four parts: $13.3
For a while now, Saudi Arabia has billion for acquiring and developing the The aim is to establish 250 e-game
already started becoming an active games industry in Saudi Arabia, around companies in Saudi Arabia to create

investor in the eSports industry, as $18.7 billion poured into other game around 39,000 jobs and contribute
they have stakes in Activision Blizzard publishers, $533 million for devel- around 13 billion US dollars to the
Inc., Nintendo Co., and Electronic Arts oping early-stage gaming and e-sports economy by 2030.

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