Announcement of the strategy to make Saudi Arabia the global center of digital games and sports

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Announcement of the strategy to make Saudi Arabia the global center of digital games and sports
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Saudi Crown Prince and First Prime Minister Prince Mohammed bin Salman has announced a strategy to transform the kingdom into an international center for electronic games and sports by 2030.

Saudi Gazette Reports According to Saudi Arabia’s first Prime Minister and Crown Prince Mohammed bin Salman has announced the strategy of ‘Safi Group for Electronic Games’ and said that Safi Group will transform Saudi Arabia into an international center for electronic games and sports by 2030. It is a key element of strategy. The Safi Group for Electronic Games is under the Public Investment Fund and has a number of key strategic goals. Among them, the main goal is to increase investment in the electronic sports and games sector.

The Saudi Crown Prince said that under the strategy of the Safi Group, there will be work on the establishment of 250 electronic games companies in the Kingdom, which will provide employment to 39 thousand people. The share of this sector in the gross national product will increase to around 50 billion by the year 2030.

Safi Group’s strategy will be implemented by its 5 subsidiary companies, each operating independently with its own specific strategy.

Under this strategy, up to 142 billion Rials will be invested in 4 programs. Of these, 50 billion riyals will be invested in a company that will be the best company in the world in terms of promoting and renovating sports games, 70 billion riyals in a group to reinvent the electronic sports sector and games. The shares will be invested in buying which will contribute to the schemes of the Safi Group.

In addition, 2 billion Riyals will be invested in new companies for the renewal of electronic sports and games, 20 billion Riyals will be invested in well-known companies that are consistent with the group’s strategy.

Prince Mohammed bin Salman also said that we want to raise the quality of entertainment activities and competitive programs regarding electronic sports, we would diversify our economy by taking advantage of the opportunities available in terms of sports and electronic games. are working to advance the innovation process.