Ampverse Group’s Post

This is probably going to annoy a few people. Saudi Arabia has been announced as the official host country for the inaugural ‘Olympic Esport Games’. Some people will argue that gaming isn’t an Olympic sport. Some people will argue that Saudi Arabia is (e)sportswashing. One thing is for sure - it’s a great strategic move by KSA. 💰 They have committed $38bn investment in Esports over the next 6 years. 🎣 They have 40% share of the global Esports market. 📣 They are raising their profile amongst: - Their young domestic population (70% are under 36) - The massive global gaming audience - The significant community of gaming creators And remember: 🐳 Gaming is a bigger market than film, TV, and music COMBINED. As part of the ‘Vision 2030’ plan to diversify the economy, Gaming is a pretty good place to go. Love it or hate it? ———— The media industry is moving fast. I keep on top of it all so you don’t have to. SUBSCRIBE HERE: https://buff.ly/43QeqIu

Game-Changer Alert: $120 million returns to power up Saudi Arabia's gaming and esports industry!💥🎮💪 In a strategic move aimed at revving up the gaming and esports ecosystem in the Kingdom, Saudi Arabia's National Development Fund (NDF) and the Social Development Bank (SDB) have joined forces. They are rolling out not one, but two venture capital funds, totalling a staggering $120 million. The goal? To fuel growth and innovation in our vibrant gaming and esports sectors. This monumental funding strategy, announced at the prestigious LEAP 2024 event, is part and parcel of the larger Gaming and Esports Financing Programme. This programme is a collaboration with the esteemed Saudi Esports Federation, dedicated to the development and promotion of gaming and esports in our nation. This initiative goes far beyond the gaming industry. It's about leapfrogging the Saudi digital economy into the future and aligning our progress with the ambitious Saudi Vision 2030. AstroLabs #Gaming #Esport #2030vision #SaudiArabia #KSA #Esports

🕹️The Esports sector in the Middle East is capturing significant interest, with governments and private entities investing heavily in infrastructure, from gaming zones to arenas. In 2023, the gaming revenues in the region were approximately US $7.2 billion, with Saudi Arabia emerging as a key player. 🚀 Learn more in our report: 🔗https://pwc.to/3MnJQhC PwC Middle East

🕹️The Esports sector in the Middle East is capturing significant interest, with governments and private entities investing heavily in infrastructure, from gaming zones to arenas. In 2023, the gaming revenues in the region were approximately US $7.2 billion, with Saudi Arabia emerging as a key player. 🚀 Learn more in our report: 🔗https://pwc.to/3MnJQhC PwC Middle East

🕹️The Esports sector in the Middle East is capturing significant interest, with governments and private entities investing heavily in infrastructure, from gaming zones to arenas. In 2023, the gaming revenues in the region were approximately US $7.2 billion, with Saudi Arabia emerging as a key player. 🚀 Learn more in our report: 🔗https://pwc.to/3MnJQhC PwC Middle East

Saudi Arabia has recently made a significant investment in the world of competitive gaming, and the potential for long-term stabilization and growth is immense. As we all know, the esports industry has been rapidly expanding, with millions of dedicated fans and lucrative sponsorships. However, with growth comes the need for stability and sustainable development. With Saudi Arabia's financial backing, we can expect to see more organized and professional tournaments, better player salaries, and improved infrastructure for training and development. This not only benefits the players and teams, but also attracts more investors and sponsors, creating a ripple effect of growth for the entire industry. Additionally, Saudi Arabia's commitment to diversifying their economy and investing in emerging markets like esports shows their forward-thinking approach and dedication to innovation. Moreover, with the country hosting the first-ever $10 million esports event, the potential for global recognition and growth is undeniable. This not only puts Saudi Arabia on the map as a major player in the esports world, but also opens doors for collaborations and partnerships with other countries. #SaudiArabiaEsports #LongTermGrowth #GameOn #SaudiArabia l

His talk will be about how the BEF and SEF cooperation will contribute to Vision 2030.

Unveiling Saudi Arabia's Bold Esports Investment Strategy Saudi Arabia's #PublicInvestmentFund, through #SavvyGamesGroup and #ESLFaceItGroup, is making significant inroads into the esports industry. This strategic move is part of the #Vision2030 initiative, aiming to transform the kingdom into a major player in the global gaming scene. As Saudi Arabia hosts top-tier sporting events and becomes a hub for digital entertainment, questions arise about the long-term impact of its investments on the future of esports. For more information, visit our website. Link in bio. #SaudiBusiness #SaudiNews #Vision2030 #SaudiArabia #Esports #Gaming #Investment #EconomicDiversification #DigitalEntertainment #SavvyGamesGroup #ESLFaceItGroup

Dive into the heart of the Saudi gaming landscape, where the realm of esports is experiencing a remarkable ascent! 🚀🕹️ 🌐 Saudi Arabia's Gaming Renaissance Explore the kingdom's embrace of esports, witnessing a flourishing community that goes beyond borders. 💼 Economic Impact: Esports as an Industry Delve into the economic dimensions as Saudi Arabia recognizes the business potential of esports. From investments to job creation, esports is making waves in the Saudi economy. 🤝 Community Engagement: Uniting Through Gaming Witness how esports acts as a catalyst for social connection and community building. From local tournaments to international collaborations, gaming is bringing Saudis together🌟🎉 #EsportsSaudiArabia #GamingCommunity #SaudiArabiaVision #EsportsEconomy #LinkedInGaming

Let the Games Begin - Saudi Arabia to Host Olympic Esports Games Saudi Arabia is set to host the Olympic Esports Games, a landmark event that aligns with the Kingdom's Vision 2030 objectives. With over 23 million gamers in Saudi alone, including a significant female demographic, the gaming sector is booming. Hosting these games is part of Saudi Arabia’s broader strategy to diversify its economy. The global video games market is poised for growth, with a total increase of 9-12 percent in the coming years, and Saudi Arabia aims to capitalize on this trend. The government’s initiatives, such as the establishment of the Saudi Esports Federation and the National Gaming and Esports Strategy, underscore its commitment. By 2030, these efforts are expected to create 39,000 jobs and contribute $13.3 billion to the GDP. Investing in the gaming industry also fosters essential future skills like creativity, innovation, and digital literacy, aligning with the OECD's 2030 skills framework. Saudi Arabia’s focus on capacity building through grassroots initiatives further solidifies its position as a global leader in gaming and esports. #SaudiVision2030 #Esports #GamingIndustry #EconomicDiversification #Innovation #FutureSkills #SaudiArabia #OlympicEsports #NationalGamingStrategy