Saudi Arabia will spend $38 billion to establish itself as a video game hub.

 Kingdom's Savvy Gaming Group hopes to create video games close to home.


The Saudi Arabian government is staking $38 billion on the possibility that it may replace Japan as the world's video-game capital.


Saudi Arabia aspires to dominate the $184 billion global gaming sector through its Public Investment Fund as part of its plan to diversify its economy away from oil. The fund's subsidiary, Savvy Gaming Group, is now trying to develop, publish, and buy top-tier games and promote a gaming industry in Riyadh after originally concentrating on the esports sector, which has been suffering.


The Saudi Arabian government is staking $38 billion on the possibility that it may replace Japan as the world's video-game capital. Saudi Arabia aspires to dominate the $184 billion global gaming sector through its Public Investment Fund as part of its plan to diversify its economy away from oil.

Saudi Arabia will spend $38 billion to establish itself as "The Future Center For The Video Game Industry."


According to a recent Bloomberg story, Saudi Arabia intends to establish itself as a centre for the video game business. According to reports, they are investing $38 billion in the venture.



Making Riyadh a centre for the video gaming business is the current goal, with Gamers8 only serving as the beginning. • Gamers8

Gamers8 may be a familiar name from last summer. Six distinct Esports competitions were held over a number of weekends, setting a new record for Riyadh. The tournament will happen again this summer with a similarly huge prize pool.

Yet these recently disclosed plans hint something much broader for gaming in Saudi Arabia, in contrast to Gamers8, which was primarily concerned with bringing esports to the nation.


Get Game Pass as a favour to yourself, please!

Riyadh To Build Video Game Industry With $38 Billion Set Apart

According to reports, the Saudi PIF wants to establish Riyadh as a hub for video games as part of a larger plan to diversify the country's economy away from oil. Bloomberg reports that a staggering $38 billion has been set aside for the project, according to their report.


According to Cecilia D'Anastasio:




The fund's subsidiary, Savvy Gaming Group, is now trying to develop, publish, and buy top-tier games and promote a gaming industry in Riyadh after originally concentrating on the esports sector, which has been suffering.


Over $13 billion is available for Savvy to invest in acquiring a gaming publisher.

Take-Two had to spend $12.7 billion to acquire Zynga, if you're curious about the size of a gaming company you can purchase for around $13 billion (the second most expensive acquisition in video game history).


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