MbS announces huge Saudi $38 billion investment in e-games ...Kuwait

The New Arab - News
MbS announces huge Saudi $38 billion investment in e-games
source : The New Arab ( Kuwait ) () 29
Saudi Crown Prince Mohammed bin Salman (MbS) announced on Thursday that the kingdom would be investing a whopping $37.7 billion in the e-sports industry. The money will be channeled via the Savvy Games Fund, a new arm of the kingdom's Public Investment Fund (PIF) and headed by MbS which aims to make Saudi Arabia a global gaming hub. It is part of huge investments by Riyadh in the entertainment industry, part of plans to diversify Saudi Arabia's economy away from oil and gas. "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," MbS said in a statement. "We are harnessing

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