Saudi Arabia: Savvy Games Group wants to invest $37.8 billion in the video game industry

A new video game investment plan for Saudi Arabia with the help of Savvy Games Group.

Over the next few months, the Saudi Arabian Public Investment Fund (PIF) Savvy Games Group intends to acquire a leading publisher as its strategic development partner, make a number of minority investments in key players such as Take-Two Interactive, Electronic Arts, Square Enix, Nintendo and Embracer Group, as well as funding for new video game and esports studios.

#Spotlight: Savvy Games Group’s $37.8 billion investment will help turn Saudi Arabia into a global hub for #gaming and #esports. Read more here https://t.co/HEDOn2H7Sw pic.twitter.com/DZWrKHntTl

— Arab News (@arabnews) October 2, 2022

Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud, Chairman of Savvy Games Group, said:

The Savvy Games Group is part of our ambitious strategy to make Saudi Arabia a global hub for the gaming and esports industry by 2030. We are harnessing the untapped potential of the gaming and esports industries to diversify our economy, innovate in the sector, and grow esports. entertainment and competitive offers throughout the Kingdom.

Five independent subsidiaries of the Savvy Games Group

Together, these Savvy Games Group subsidiaries will create synergy across all sectors of the gaming and esports industry, expanding the sector through targeted investment in developers and publishers, investment in technology innovation, funding for content creators, and world-class concept development. events and structures.