Saudi Arabia’s Major Investment in Gaming and eSports
Saudi Arabia has invested $488m in the country’s gaming and eSports industry to create a hub for the sector. This significant investment has already shown promising results, with the top 10 game development companies in Saudi Arabia already experiencing considerable growth. The funding sources include contributions from the Saudi eSports Federation, the National Development Fund, and the Social Development Bank. This article will take a closer look at Saudi Arabia’s investment in gaming and eSports sector. 1. Transforming Saudi Arabia into a Global Gaming Hub Saudi Arabia has long aimed to position itself as a global gaming hub, embarking on strategic initiatives to achieve this goal. In 2022, Prince Mohammed bin Salman unveiled ambitious plans to bolster the kingdom’s gaming and eSports sectors. The strategy centered on establishing local studios, creating over 30 games, and generating more than 39,000 job opportunities by 2030. The National Development Fund, t...