In an effort to strengthen Saudi Arabia’s gaming and eSports industry, the kingdom has invested $488 million into the sector. The economic support comes from contributions from the Saudi Electronic Sports Federation, the National Development Fund, and the Social Development Bank.
On Wednesday, Rawan Al Butairi, director of the federal government’s international affairs office, said that the initiative will focus on eSports and gaming during the Leap technology exhibition in Riyadh.
A comprehensive investment strategy for the gaming industry was laid out by Saudi Crown Prince Mohammed bin Salman last September. That’s when he revealed the National Gaming and Esports Strategy. This initiative aims to make Saudi Arabia a global gaming hub by 2030 as a means of creating wealth for the kingdom.
On Wednesday, Rawan Al Butairi, director of the federal government’s international affairs office, said that the initiative will focus on eSports and gaming during the Leap technology exhibition in Riyadh.
A comprehensive investment strategy for the gaming industry was laid out by Saudi Crown Prince Mohammed bin Salman last September. That’s when he revealed the National Gaming and Esports Strategy. This initiative aims to make Saudi Arabia a global gaming hub by 2030 as a means of creating wealth for the kingdom.