CFC Consulting Middle East’s Post

Saudi Arabia’s contribution to the phenomenal growth of the global Esports sector is highlighted by a study showing that 23.5 million gaming enthusiasts - 67% of population - currently live in the Kingdom. The recent Esports World Cup in Riyadh featured the largest prize pool in history, $60 million, and the country is now home to almost 1,000 players pursuing Esports as full-time careers, says the report by the Saudi Esports Federation, in collaboration with PwC Middle East. According to the report, worldwide revenue generated from Esports is expected to reach US $1.86 billion by 2025, nearly doubling the US$996 million revenue generated in 2020. The number of gamers in the MENA region, estimated at almost 68 million in 2022, is projected to grow to around 87 million by 2026, with rampant mobile and digital penetration leading to the growth. #gaming #esports #SaudiArabia

Saudi Arabia: The New Epicenter of Global Esports Riyadh is electrified as it hosts the inaugural Esports World Cup, with a staggering $62.5 million in prizes, positioning Saudi Arabia as a global leader in the esports arena. This landmark event is a showcase of gaming prowess and a testament to the Kingdom's Vision 2030, which aims to diversify the economy and drive growth in non-oil sectors, including sports and technology. As Saudi Arabia paves the way for the first-ever Olympic Esports Games in 2025, it opens the door for global companies to explore the burgeoning opportunities in the Saudi esports market. With a rapidly growing gaming community and significant economic contributions on the horizon, the Kingdom is set to become the epicentre of esports innovation and development. #SaudiEsports #Vision2030 #RiyadhGaming #GlobalEsports

#ZeeVentures: Saudi Arabia to Host Inaugural Olympic Esports Games in 2025 Riyadh will host the first-ever Olympic Esports Games in 2025, marking a milestone for global competitive gaming. This event will place esports on par with traditional Olympics, showcasing Saudi Arabia's growing influence in the digital entertainment sector. With the esports industry expected to exceed $1 trillion by 2032, Saudi Arabia is positioning itself as a global hub for gaming, thanks to its tech-savvy youth and strong government support. Shahid Khan of Arthur D. Little says this will legitimize esports internationally and boost investment in the region. Leading companies like Shaffra and MENATech are already driving growth, aligning with Saudi Vision 2030 goals to foster innovation and create jobs. Initiatives like the Esports Olympics and Qiddiya City Esports Arena further cement Saudi Arabia's role in the global esports landscape. #EsportsOlympics #SaudiVision2030 #GamingIndustry #DigitalEconomy #EsportsRevolution

Gamedev Pills – Saudi Arabia 🇸🇦 Let’s restart our weekly Gamedev appointment by highlighting one of the most ambitious growth plans worldwide, the Saudi Gaming and Esports strategy. The investment plan aims to position Saudi as a global leader in 2030 by fulfilling 4 goals: 🚀 Become #1 event host by organizing and hosting the most viewed esports events in the world 🕹 Establish 250 Gaming companies 📈 Be in the top 3 for # of Esports athletes per capita 🎮 Games by KSA based studios reach Top 300 during the next 10 years What’s even more impressive? → There are +23.5M Gaming enthusiasts (67% of the population) → 90% internet penetration → 39000 jobs in development will be generated Hard to predict whether those ambitious results will be achieved. Either way, the intentions are honorable! 🚀

This is huge! In the last decade, the Esports sector has experienced phenomenal growth, with the emergence of new markets, professional players, teams, leagues, funding, and prizes. There is significant interest in the Esports industry in the Middle East, with governments and private entities investing in Esports infrastructure, from gaming zones to arenas, and global tournaments. In 2023, gaming revenues in the Middle East and Africa were approximately $7.2 billion, with Saudi Arabia emerging as a key growth player #SaudiEsports #KSAEsports #SaudiGaming #EsportsKSA #SaudiGamers #KSAProGaming #GamingInSaudi #KSAeLeagues #SaudiEsportsScene #EsportsMiddleEast

🚀MENA is one of the regions where esports is growing at the speed of light. 🚀 It’s been a while since we discussed how esports are becoming crucial in Egypt, Saudi Arabia, and the UAE. We do believe in the power of this part of the gaming sector for telcos who want to engage their customers. In those countries, the population is very young, tech-savvy, born digital, and passionate about playing and watching games online. We have meticulously compiled our insights and expertise on this burgeoning topic in a comprehensive white paper titled “Esports: the growth of the MENA region.” This resource is designed to equip you with the knowledge you need to navigate the exciting world of esports in the MENA region. Let’s dive deep into the esports world in MENA! Download the white paper; it’s free! ➡️https://lnkd.in/dkmzN2Eb 🍪 🎮

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

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

From hosting the first-ever Esports World Cup to announcing plans for cutting-edge gaming arenas, Saudi Arabia is making significant strides in the esports industry. With projections of a $13 billion boost to its economy, CNN’s Eleni Giokos explores how this thriving sector is reshaping entertainment and business in a nation with a young, tech-savvy population. #Esports #SaudiArabia #GamingIndustry #EconomyBoost

Esports is a turbo-charged industry, but this one can boost the profitability even more: Say hello to a massive, Olympic shift: The International Olympic Committee (IOC) decided to hold the first edition of the Olympic Esports Games in 2025 in Saudi Arabia. 🥇 The IOC finally catches up with the present, and we all enter "a new era" in sports. Here's how it can influence the iGaming and betting market: - New betting markets: Introducing bets on Olympic-level esports competitions. - Increased viewership: More viewers can lead to higher betting activity. - Cross-promotions: Opportunities for betting companies to partner with esports brands. - Enhanced legitimacy: Olympic recognition boosts trust and interest in esports betting. As an esports fan, I am beyond excited to see how it turns out. What are your expectations? 😲 #turbostars #turboplatform #turbogames #turbosportsbook #igamingsolutions #instantgames