Sabrina Princigalli’s Post

Saudi Arabia’s esports sector is expected to boost GDP by $13.3 billion and create nearly 39,000 jobs by 2030, according to a PwC report. 📊🎮 The growth aligns with the Kingdom’s National Gaming and Esports Sector Strategy, aimed at diversifying the economy. 💼🇸🇦 The nation’s first Esports World Cup, with a $62.5 million prize pool, highlights the rapid rise of esports in Saudi Arabia. 🏆💰 With 23.5 million gaming enthusiasts making up 67% of the population, the industry is booming. 📈🔥 The Middle East's esports industry is also growing, with $7.2 billion in gaming revenues in 2023. #SaudiEsports #EsportsGrowth #GamingIndustry #Vision2030 #EsportsWorldCup #MiddleEastGaming

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

What does 2024 hold for esports? 🤔 A new year is officially here, and with that comes new opportunities! Here's what Craig Levine, Co-CEO of EFG, had to say about the future outlook for 2024: “2024 is all about sustainability, with businesses across the esports industry recalibrating themselves for the long term. This year taught many companies that although esports’ core audience is growing, fandom takes time to develop. Businesses have to continue to reposition themselves to take advantage of the long-term outlook of esports rather than banking on the immediate value of the audience. “Additionally, I expect emerging regions will continue to reshape esports, particularly the Middle East, which has been a large growth market for the video game industry. That’s definitely in part connected to the National Gaming and Esports Strategy that came out from Saudi Arabia and the ambitious investments being made as part of that.” Share your thoughts and predictions for 2024 in the comments, and check out the full article below ⬇️ #esports #gaming #worldsbeyondgameplay #ESLFACEITGroup

Stay ahead of the game with our latest updates on the biggest happenings in the #esports and #gaming industries! At Enorth Media, we understand the dynamic and ever-evolving nature of these industries, and we're committed to keeping you informed. Week of July 7th to 13th 🖖 💰 The esports industry is predicted to reach $7.5B by 2030 (via Covers) 🔨 World of Warcraft operator NetEase is offering bounties for players who report cheaters ahead of the MMO returning to China (via Esports.net) 📉 ImperialHal goes on record to say that he thinks ApexLegends is dying based on dwindling player count (via Dot Esports) 🇸🇦 IOC announces that the Kingdom of Saudi Arabia will host the first Olympic Esports Games in historic partnership (via International Olympic Committee – IOC) 💸 The Saudi Arabian government has said it will invest $38B in video games by 2030 (via The New York Times) Join us every week as we unpack the most crucial news, providing you with actionable insights and a competitive edge. Let's navigate these industries together 🌌

🕹️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

Qiddiya City in Saudi Arabia has revealed plans for the world's first gaming and esports district, aiming to make Saudi Arabia a prominent player in the growing esports industry. The district, supported by Crown Prince Mohammed bin Salman's initiatives, will have four venues for esports events, attracting around 10 million visitors each year. The Gaming & Esports District will feature gaming-themed apartments, hotels, and a large entertainment area spanning 100,000 square meters. It is designed to engage and inspire people of all ages, from professional esports players to casual gamers. The district will have four arenas with a total seating capacity of 73,000, including one of the world's largest esports stadiums with 5,300 seats and the largest indoor LED screen in esports. Covering over 500,000 square meters, the hub will provide space for esports clubs, training facilities, and headquarters for leading video game development companies. The goal is to position Saudi Arabia as a global esports hub by 2030, aligning with the National Strategy for Gaming and Esports. The district is expected to welcome up to 10 million visitors annually, contributing to the rapid growth of the gaming and esports sector. #SaudiArabia #Gaming #players #training #National #Prince

''In 1985, the first Super Mario console game was launched by Nintendo. The same year, Mohammed bin Salman was born into the royal family of Saudi Arabia. Since then, the Mario franchise has grossed 55B USD in global revenues, whilst the Saudi crown prince—commonly referred to as MbS—has risen to become de facto leader of his country. A self-proclaimed gamer, the young MbS may have been a Mario fan. And maybe, it is no coincidence that in 2022, the Public Investment Fund (PIF) —the Kingdom’s sovereign wealth fund—acquired a 5% stake in Japan’s Nintendo, which it in 2023 increased to 8%. During the Covid-19 pandemic, in 2020, PIF spent more than 1B USD acquiring a 2% stake in Reliance Industries, a conglomerate that owns one of India’s most powerful esports businesses. Following a state visit by President Xi Jinping to Riyadh in 2022, PIF then spent 265M USD on buying a share of Chinese esports company VSPO. Notably, of the 3B gamers worldwide, 1.6B are in the Asia-Pacific region. And Saudi Arabia’s spending doesn’t stop there. The Kingdom is funding, and this summer will host, a new Esports World Cup. League of Legends, one of the most lucrative games on the planet, will be among the platforms that will be part of the tournament. Eventually, this new event and many others will be staged at Qiddiya, a new infrastructural development that will become the world’s biggest sport and entertainment city. Inside it, there will be an esports and gaming zone, including an arena that will hold 73,000 people.'' Professor Simon Chadwick for Amwaj.media #saudiarabia #MBS #esports

NEW: ''In 1985, the first Super Mario console game was launched by Nintendo. The same year, Mohammed bin Salman was born into the royal family of Saudi Arabia. Since then, the Mario franchise has grossed 55B USD in global revenues, whilst the Saudi crown prince—commonly referred to as MbS—has risen to become de facto leader of his country. A self-proclaimed gamer, the young MbS may have been a Mario fan. And maybe, it is no coincidence that in 2022, the Public Investment Fund (PIF) —the Kingdom’s sovereign wealth fund—acquired a 5% stake in Japan’s Nintendo, which it in 2023 increased to 8%. During the Covid-19 pandemic, in 2020, PIF spent more than 1B USD acquiring a 2% stake in Reliance Industries, a conglomerate that owns one of India’s most powerful esports businesses. Following a state visit by President Xi Jinping to Riyadh in 2022, PIF then spent 265M USD on buying a share of Chinese esports company VSPO. Notably, of the 3B gamers worldwide, 1.6B are in the Asia-Pacific region. And Saudi Arabia’s spending doesn’t stop there. The Kingdom is funding, and this summer will host, a new Esports World Cup. League of Legends, one of the most lucrative games on the planet, will be among the platforms that will be part of the tournament. Eventually, this new event and many others will be staged at Qiddiya, a new infrastructural development that will become the world’s biggest sport and entertainment city. Inside it, there will be an esports and gaming zone, including an arena that will hold 73,000 people.'' Professor Simon Chadwick for Amwaj.media #saudiarabia #mbs #gaming #esports

''In 1985, the first Super Mario console game was launched by Nintendo. The same year, Mohammed bin Salman was born into the royal family of Saudi Arabia. Since then, the Mario franchise has grossed 55B USD in global revenues, whilst the Saudi crown prince—commonly referred to as MbS—has risen to become de facto leader of his country. A self-proclaimed gamer, the young MbS may have been a Mario fan. And maybe, it is no coincidence that in 2022, the Public Investment Fund (PIF) —the Kingdom’s sovereign wealth fund—acquired a 5% stake in Japan’s Nintendo, which it in 2023 increased to 8%. During the Covid-19 pandemic, in 2020, PIF spent more than 1B USD acquiring a 2% stake in Reliance Industries, a conglomerate that owns one of India’s most powerful esports businesses. Following a state visit by President Xi Jinping to Riyadh in 2022, PIF then spent 265M USD on buying a share of Chinese esports company VSPO. Notably, of the 3B gamers worldwide, 1.6B are in the Asia-Pacific region.'' Professor Simon Chadwick for Amwaj.media #saudiarabia #esports #gaming