Saudi Arabia invests $38 billion in the video-game industry
The country's Public Investment Fund has been making a strong bet on this sector in recent years
The growth of the esports industry – and gaming in general – over the last decade is no longer a novelty, not even to the most unknowing of this phenomenon, with the gaming market currently valued at $184 billion.
The Saudi Arabian Public Investment Fund has been one of the main contributors to the industry's growth in recent years. Well-known in the Football world for the recent acquisition of Newcastle United FC (Premier League), the truth is that the organisation did not bet exclusively in the traditional game.
In recent years, the country has invested about $38 billion in the gaming market, with the objective of making Saudi Arabia a big player in the video-game industry. This decision was based on the high number of gamers in the country, with the last estimates showing a community of 21 million gamers (58% of the country's entire population).
If the growth of the industry has come as a surprise to some, studies suggest that this trend will not stop there. By 2026, the gaming market in the Middle East and North Africa is expected to grow by 56%, increasingly positioning itself as a multi-billion dollar, future-oriented industry.
Sevilla FC: The Europa League love story
Sevilla's history with the Europa League dates back to the early 2000s, when they won the first of many finals of the ...
Raquel Sampaio returns for the second edition of the Thinking Football Summit
The founder of Teammate Football Management will be one of the speakers present at the Super Bock Arena The Grand ...
Thinking Football Summit and Almeida, Dias & Associados - Law Firm extend their partnership
The Law Firm, with vast international experience, will be the "Official Sports Law Firm" of the event for the second ...
Gonçalo Almeida confirmed for the Thinking Football Summit 2023
The lawyer returns to the second edition of the event After renewing the partnership with the official Sports Law Firm ...
UEFA's broadcasting rights may rise 33% from 2024/2025
UEFA is focusing on expanding, optimizing and improving its economic performance. Due to the new format of the ...