Saudi Arabia launches a $38 billion plan to become a leader in the video game industry
, by Thibaut
For several years, Saudi Arabia has been trying to improve its image by diversifying its activities. The country has, for example, been very active in the sports field. In the near future, the kingdom intends to become a heavyweight in gaming.
To achieve this, Bloomberg reports that the Saudi government plans to invest around $38 billion in the video game industry. This investment aims to create new licenses within the country itself. They also want to increase their stake in various major brands like Nintendo. Esports competitions may also emerge in Saudi Arabia.
This financial effort in the gaming industry will be ensured by Savvy Games Group, a company that belongs to the Saudi Arabia Public Investment Fund.
Source: bloomberg.com