Saudi Arabia will invest 38 billion in video games, the takeover of a publisher is even planned

The almost total takeover of SNK last February was just an appetizer. Saudi Arabia has just announced that it wants to invest no less than 37.8 billion dollars in the video game sector. It is through the Savvy Gaming Group, owned by the Public Investment Fund (PIF) of Saudi Arabia, that the desire to establish itself in the video game landscape will be made. In detail, it is indicated that 18,6 billion will be invested in minority stakes in development studios but also video game publishers. We also know that the country entered the capital of Nintendo recently to the tune of 5.01% after filing a file with the Ministry of Finance of Japan, still through the Saudi fund PIF. But that's not all, we also learn that 13.3 billion dollars will be devoted to the acquisition of a new leading publisher, probably against their will. The rest of the investment will be used to sponsor young talents in the field of eSports, in order to support them in their career. 

This desire to register for good in the video game is pushed by Crown Prince Mohammed ben Salmane who declares that Savvy Games Group constitutes one of the parts of their ambitious strategy aiming to make Saudi Arabia the ultimate hub. worldwide for the video games and e-sports sector by 2030. It should be recalled that Saudi Arabia is already present in the capital of Electronic Arts, Activision, Capcom, Embracer Group (up to 8.1% of the shares) and Take Two Interactive in a minority, but it is not impossible that the country will become more greedy in the years to come. With China, which is the other country that wants to invest massively in Japanese and Western video games, one thing is certain, the face of video games will change a lot in the years to come...