• Sat. Oct 4th, 2025

Saudi Arabia Looking To Invest Almost $38 Billion In Games Industry, Could Acquire A Publisher

Saudi Arabia is planning to invest another $37.8 billion in the gaming market through its government-funded gaming conglomerate, The Savvy Gaming Group.

According to a new Axios report, more than $13 billion will be set aside for the “acquisition and development of a leading game publisher to become a strategic development partner” and a further $18 billion will be used to secure minority investments in other companies and studios. As for which gaming company could be acquired, Ubisoft is an unlikely target as a reported deal with Chinese conglomerate Tencent is being put together as a way to keep potential competition away.

Savvy has been on a buying spree as of late, investing serious amounts of cash into global organizations while working to build esports organizations and game development studios in the Middle East.

Continue Reading at GameSpot