Saudi Arabia’s video game industry is making a big splash on the global stage with the eight-week Esports World Cup. The country’s investments in the industry, totaling $38 billion by 2030, are catching the attention of struggling American video game companies looking for opportunities to grow.
The inaugural Esports World Cup held in Riyadh showcased the country’s dedication to expanding its video game industry as part of its economic diversification strategy away from oil. The event drew thousands of fans who braved the scorching heat to witness the spectacle, complete with a towering gold trophy and colorful light displays that gave the traditional city a futuristic vibe.
The Saudi government’s backing of the video game industry through the Public Investment Fund (P.I.F.), which manages a substantial $700 billion, has not only transformed Riyadh into a hub for gaming but has also attracted partnerships with major global video game companies and influencers. This strategic move comes at a time when the industry is facing financial challenges, including layoffs and restructuring.
Despite the excitement surrounding Saudi Arabia’s foray into video games, not all gamers are thrilled about the country’s growing influence. Some have raised concerns about the ethical implications of partnering with a government known for its human rights record and restrictive policies.
The collaboration between Saudi Arabia and the video game industry is an example of the increasingly intertwined relationship between technology, entertainment, and geopolitics. As the industry continues to evolve and expand, it will be interesting to see how these partnerships shape the future of gaming on a global scale.