“Savvy Games Group is one part of our ambitious strategy aiming to make Saudi Arabia the ultimate global hub for the games and esports sector by 2030”, said Crown Prince Mohammed bin Salman, who also serves as chairman of the group’s board. “We are harnessing the untapped potential across the esports and games sector to diversify our economy, drive innovation in the sector and further scale the entertainment and esports competition offerings across the kingdom.”
Savvy Games Group was launched earlier this year, in line with the PIF’s 2021-2025 strategy to drive innovation in strategic sectors including entertainment, leisure and sports.
Under the strategy, 250 games companies will be established in the kingdom, which will create 39,000 jobs. The Public Investment Fund (PIF) has launched Savvy Games Group, the first global game studio to be launched in Saudi Arabia. The group’s strategy aims to invest in the electronic games industry and esports with a unique, long-term investment horizon and long-dated capital.
source: thenationalnews
