Saudi Arabia is actively expanding into the gaming industry. The Financial Times newspaper estimated that over the past 18 months, the Savvy Games Group and the Public Investment Fund, controlled by the authorities, have invested $8 billion in gaming companies.
The two most high—profile deals are the purchase of mobile publisher Scopely for $4.9 billion and an investment in Embracer Group holding in the amount of $1 billion. In addition, Saudi Arabia bought stakes in Capcom, Nexon and NCSOFT and increased stakes in Electronic Arts, Take-Two, Nintendo and a number of other companies.
Recall that in September last year, Crown Prince Mohammed bin Salman announced that Saudi Arabia intends to invest $ 37.8 billion in the gaming industry. This should help diversify the country’s economy.