Saturday, December 2, 2023

Saudia Arabia To Invest $37.8 Billion in the Gaming Industry

Savvy Games Group, a video game funded by the Saudi government, has laid out plans to invest $37.8 billion into the game industry.

It is chaired by deputy prime minister Mohammad bin Salman.

The new investment strategy will see Savvy invest in both local and international programs. It aims to establish 250 game companies across Saudia Arabia to create 39,000 jobs and mainly increase GDP.

Savvy Games Group is one part of our ambitious strategy aiming to make Saudi Arabia the ultimate global hub for the games and esports sector by 2030,” said Savvy chairman Mohammad bin Salman, commenting on the group’s new-look investment strategy.

“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”.

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