September 8 2022

Saudi Arabia is Growing Strongly in the World of Video Games

Saudi Arabia wants to grow in every factor of the technology industry, so video games have caught our eye to develop, grow and learn from this industry. For this reason, the Saudi government has decided to invest, betting on the advancement of this technology that involves young people and adults in the entertainment world. 

Gaming culture 

The video game industry has become so popular around the world that it has become a market with the diversification of games, styles, and tastes for different players. Additionally, it has to be a culture since the appropriation and adaptation of video games are worldwide.

Being a globalized culture, Saudi Arabia wanted to be part of this industry because video games have economically diversified investments in technological development. This has called for the Saudi government’s interest to grow in this industry and thus encourage young Saudis to participate in electronic games and even create and program them. 

Saudi Arabia, a place in the industry of video games 

As the popularity of video games has increased, the country has also increased its interest in them. For this reason, the Saudi Federation of Electronic Sports and Intellectuals opened its first games in 2020 to trigger more plans they have for this industry. These games are organized by private platforms based in Saudi Arabia.

In addition, as mentioned above, the government has developed different ways to stimulate and motivate more people to participate in the industry to develop and grow. The initiatives range from gamers to programmers. For example, the Saudi Arabian General Competition Authority gave Neom and MBC approval to establish a video game studio and esports academy as part of the development of the smart city of Neom. 

They also create Bootcamps for people who want to learn to code and for professionals who wish to improve their skills.

Saudi Arabia’s investment in video games 

You know the project initiatives that the government has made so that Saudi youth can participate; these have been of great value. However, they have not only created and developed but have also allocated more than USD 1 billion to invest in the success of video games. 

As of January 2022, the merger-acquisition of the electronic sports leagues ESL Gaming and FACEI has been completed, as has the purchase of almost the entire value of SNK Corporation in February before entering Nintendo’s capital for 5.01%. And not only that, the Kingdom of Saudi Arabia owns a fund of 8% of shares of Embracer, a European video game distribution company located in Sweden. It has achieved an annual turnover of 1,600 million euros in 2021.

With all these investments, Saudi Arabia wants to have money and power in the game industry, which positions it as one of the most influential investors in the world video game market. 

What do you think? Saudi Arabia is more open to the world.

With these giant steps that Saudi Arabia is taking in the video game market, it positions itself at an essential point in the technology industry: creation, development, and competition with US markets because it has a lot of players and even programmers in the video game industry. 

Do you need a visa to enter Saudi Arabia?

Interested? Would you like to travel to Saudi Arabia and learn more about what this market has to offer? If so, and you require a visa, you can click here on [Tourist e-Visa Saudi Arabia]. You will find out how to make the application easily and quickly. 

If you like video games or are part of this industry, Saudi Arabia is a destination you should put on your visit list. 


Tags


{"email":"Email address invalid","url":"Website address invalid","required":"Required field missing"}

Author

Kyrie Mattos