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Saudi Arabia’s authorities continues to develop its gaming and esports portfolio
The pending $55 billion acquisition of game-publishing large EA by a consortium of investors, most notably Saudi Arabia’s Public Funding Fund (PIF), despatched shockwaves by way of the trade. It’s the second-biggest acquisition within the historical past of the video games trade, and it is just the Saudi Arabian authorities’s newest transfer within the video gaming area.
Over the previous a number of years, the PIF and its subsidiary Savvy Video games Group have invested in or acquired gaming firms from totally different elements of the world, holding stakes in among the main publishers within the trade. The Saudi Arabian authorities has lengthy been accused of human rights violations, and its investments in leisure, tech, and sports activities have invited scrutiny. Beneath are the most important gaming firms that Saudi Arabia owns or has a stake in.
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