Around Bits


Saudi Arabia gaming sector plans to invest about $38 Billion in E-Sports

Saudi Arabia gaming

The past few years have been critical for the Saudi Arabia gaming community as the government has come up with great plans to boost the e-sports industry in the country in order to make it a gaming hub. They have already started to make a name in this sector and have plans to do so much more.

The government has declared that they will be investing approximately 142 billion Saudi riyals which amount to $38 billion in hopes of making the country an internationally acclaimed gaming hub.

The government of Saudi Arabia is extremely confident in its plans to make the country a gaming hub by 2030. Through this accomplishment, they hope to increase tourism in the country and diversify their income other than the current oil-based economy. If they are successful in doing so it will make their economy more stable than ever.

“Savvy Games Group” is the country’s self-governing wealth fund and is completely owned by the public through their investments in it. They will be responsible for the management of this task.

His Majesty, Crown Prince, Prime Minister, and Chairman of Savvy games group, Mohammed Bin Salman revealed their goals for the future of Saudi Arabia gaming / E-sports by addressing the public saying that,

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.”

Riyadh, September 29, 2022