Zhiqing Wan
This initiative comes in the form of plenty of investments, including 50 billion riyals to acquire “a leading game publisher to become a strategic development partner”. This is the big news here, as Savvy Games Group has yet to announce which publishing company they have their eyes on. In the past year, we’ve seen Sony and Microsoft complete a number of acquisitions, which included companies like Zenimax and Bungie. We’ve also seen Embracer acquire a large number of IPs over the past few months, and it’ll certainly be interesting to see who falls under the Savvy umbrella next.
Further, the initiative also includes investing two billion riyals to help to grow esports companies and other early-stage games. The plan here isn’t just to increase Saudi Arabia’s presence in the gaming industry, but to make it a hub for esports companies and teams as well.
There are plans as well to set up 250 gaming companies in Saudi Arabia, which will help to create more jobs in the Kingdom while expanding into the industry.
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