Company Insights Savvy Games Group Tech Savvy Games Group News Tech Saudi gaming company courts giants of Japan and South Korea Japanese and South Korean gaming companies such as Nintendo and Kakao are being targeted by Saudi Arabia’s Savvy Games Group, which wants them to set up in the kingdom to make products aimed at local consumers. Brian Ward, CEO of Savvy, told AGBI: “If locally made Arabic games tap into the ancient lore and history […] June 12, 2024 Analysis Tech World Cup’s brimming prize pot to revive Saudi esports Saudi Arabia will offer a record-breaking $60 million prize pool for its upcoming Esports World Cup, at a time when the kingdom is facing challenges attracting foreign investments to the sector. The amount of prize money for this summer’s event breaks the previous record of $45 million set by esports festival Gamer8 in 2023. Saudi […] April 19, 2024 Giga-projects Qiddiya to host first gaming district in Saudi Arabia The Qiddiya giga-project, near Saudi Arabia’s capital Riyadh, will host the first multi-use gaming and esports district in Saudi Arabia. The kingdom is striving to become a global gaming and sports centre by 2030. The upcoming gaming and esports district, which is claimed to be the first in the world, is part of the launch […] December 15, 2023 Tech Dubai to create 30,000 jobs in gaming Dubai has launched a plan to create 30,000 jobs in the gaming industry by 2033. Its Program for Gaming 2033 aims to increase gaming’s contribution to the digital economy to $1 billion within a decade. The emirate’s Crown Prince Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum said the strategy also aims to position it […] November 3, 2023 Banking and Finance PIF-owned Savvy to acquire US gaming firm for $4.9bn Savvy Games Group, a games and esports firm wholly owned by the Saudi sovereign Public Investment Fund (PIF), has agreed to buy California-based Scopely, a maker of mobile games, for $4.9 billion. Scopely has a track record of developing and publishing various games, particularly on mobile platforms. The company’s portfolio of free-to-play franchises includes Star […] April 6, 2023 Banking and Finance Saudi PIF raises stake in Japanese film company Toei to 6% Saudi Arabia’s Public Investment Fund (PIF) has increased its stake in Toei Company Limited to six percent, a filing showed on Friday, reflecting the sovereign wealth fund’s growing exposure to the Japanese media industry. PIF’s stake in the Tokyo-based film and animation firm has risen from five percent to 6.03 percent, Reuters reported, citing the […] March 3, 2023 Banking and Finance Saudi sovereign fund raises Nintendo stake to 8.26% Saudi Arabia’s Public Investment Fund (PIF) raised its stake in Nintendo Co to 8.26 percent from 7.08 percent, a regulatory filing showed, the second stake increase disclosure in a week following one on Wednesday. The sovereign fund first acquired a five percent stake in the company in May 2022 and increased it to 6.07 percent […] February 19, 2023 Banking and Finance PIF-owned unit buys $265m stake in Chinese gaming company Chinese esports outfit VSPO, backed by Tencent Holdings Ltd, said Saudi Arabia’s sovereign wealth fund has bought a stake worth $265 million in the company, as the kingdom continues its push in the gaming market. Saudi’s Public Investment Fund (PIF) will take a stake in VSPO through gaming unit Savvy Games Group and become the […] February 17, 2023 Economy PIF-owned Savvy Games unveils $37.8bn global ambition strategy Saudi Arabia’s Savvy Games Group, wholly-owned by the Public Investment Fund (PIF), will invest SAR 142 billion ($37.8 billion) across four programmes that aim to make the kingdom a global hub for gaming by 2030. The initiatives will include SAR 70 billion to take several minority stakes in companies that support Savvy’s game development agenda […] September 30, 2022 Posts navigation Previous 1 2
Tech Saudi gaming company courts giants of Japan and South Korea Japanese and South Korean gaming companies such as Nintendo and Kakao are being targeted by Saudi Arabia’s Savvy Games Group, which wants them to set up in the kingdom to make products aimed at local consumers. Brian Ward, CEO of Savvy, told AGBI: “If locally made Arabic games tap into the ancient lore and history […] June 12, 2024
Analysis Tech World Cup’s brimming prize pot to revive Saudi esports Saudi Arabia will offer a record-breaking $60 million prize pool for its upcoming Esports World Cup, at a time when the kingdom is facing challenges attracting foreign investments to the sector. The amount of prize money for this summer’s event breaks the previous record of $45 million set by esports festival Gamer8 in 2023. Saudi […] April 19, 2024
Giga-projects Qiddiya to host first gaming district in Saudi Arabia The Qiddiya giga-project, near Saudi Arabia’s capital Riyadh, will host the first multi-use gaming and esports district in Saudi Arabia. The kingdom is striving to become a global gaming and sports centre by 2030. The upcoming gaming and esports district, which is claimed to be the first in the world, is part of the launch […] December 15, 2023
Tech Dubai to create 30,000 jobs in gaming Dubai has launched a plan to create 30,000 jobs in the gaming industry by 2033. Its Program for Gaming 2033 aims to increase gaming’s contribution to the digital economy to $1 billion within a decade. The emirate’s Crown Prince Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum said the strategy also aims to position it […] November 3, 2023
Banking and Finance PIF-owned Savvy to acquire US gaming firm for $4.9bn Savvy Games Group, a games and esports firm wholly owned by the Saudi sovereign Public Investment Fund (PIF), has agreed to buy California-based Scopely, a maker of mobile games, for $4.9 billion. Scopely has a track record of developing and publishing various games, particularly on mobile platforms. The company’s portfolio of free-to-play franchises includes Star […] April 6, 2023
Banking and Finance Saudi PIF raises stake in Japanese film company Toei to 6% Saudi Arabia’s Public Investment Fund (PIF) has increased its stake in Toei Company Limited to six percent, a filing showed on Friday, reflecting the sovereign wealth fund’s growing exposure to the Japanese media industry. PIF’s stake in the Tokyo-based film and animation firm has risen from five percent to 6.03 percent, Reuters reported, citing the […] March 3, 2023
Banking and Finance Saudi sovereign fund raises Nintendo stake to 8.26% Saudi Arabia’s Public Investment Fund (PIF) raised its stake in Nintendo Co to 8.26 percent from 7.08 percent, a regulatory filing showed, the second stake increase disclosure in a week following one on Wednesday. The sovereign fund first acquired a five percent stake in the company in May 2022 and increased it to 6.07 percent […] February 19, 2023
Banking and Finance PIF-owned unit buys $265m stake in Chinese gaming company Chinese esports outfit VSPO, backed by Tencent Holdings Ltd, said Saudi Arabia’s sovereign wealth fund has bought a stake worth $265 million in the company, as the kingdom continues its push in the gaming market. Saudi’s Public Investment Fund (PIF) will take a stake in VSPO through gaming unit Savvy Games Group and become the […] February 17, 2023
Economy PIF-owned Savvy Games unveils $37.8bn global ambition strategy Saudi Arabia’s Savvy Games Group, wholly-owned by the Public Investment Fund (PIF), will invest SAR 142 billion ($37.8 billion) across four programmes that aim to make the kingdom a global hub for gaming by 2030. The initiatives will include SAR 70 billion to take several minority stakes in companies that support Savvy’s game development agenda […] September 30, 2022
