Savvy Games in Saudi Arabia does not hide its ambitions

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State company of Saudi Arabia Smart games group still has 75% of its budget package invested in video game companies. The head of the company stated this in an interview with Pocket Gamer magazine. Brian Ward.

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Saudi Arabia has long made no secret of its ambitions in the video game industry. According to Ward, Savvy Games wants to create a strong ecosystem by 2030. This is facilitated by the rapid growth of the industry in Egypt, Saudi Arabia and the United Arab Emirates, whose turnover is estimated at $2.8 billion by 2026.

Savvy Games plans to build an eSports epicenter as well as invest in major gaming companies such as Nintendo, Electronic art or Take-Two Interactive. Last year it was expected to exit a significant investment in Swedish giant Embracer Group. The company received full acquisitions SNK And Areas of usefor which the Saudi company paid almost $5 billion.

It is controversial that Smart games group funded by Saudi Arabia National Investment Fund (PIF)chaired by the prince Muhammad bin Salman. He should have at least approved the murder of journalist Jamal Khashoggi in 2018.

Source :Indian TV

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