Saudi Arabia Expands Its Video Game Ambitions with Major Investment
September 29, 2025 - 19:56
Saudi Arabia is making significant strides in its pursuit of becoming a global video game hub, highlighted by a substantial $55 billion deal involving Electronic Arts. The kingdom's Public Investment Fund (PIF) is not only rolling over a previous $5 billion equity stake into this new venture but is also injecting more fresh capital than its partners, Silver Lake Management and Jared Kushner’s Affinity Partners. This financial maneuver aims to buy out other public investors, marking a pivotal moment in the kingdom's gaming ambitions.
Crown Prince Mohammed bin Salman, an avid video game enthusiast, is spearheading this initiative as part of a broader strategy to create tens of thousands of new jobs and diversify the Saudi economy away from its traditional reliance on oil. The focus on gaming reflects a commitment to modernize the kingdom's economic landscape, positioning it as a competitive player in the global entertainment market. This move underscores Saudi Arabia's determination to invest heavily in sectors that promise growth and innovation.
MORE NEWS
August 20, 2026 - 23:48
GTA 6 plane video: New leak suggests CyberLeek has playable gameA new video claiming to show Grand Theft Auto 6 gameplay has surfaced online, and this time it ends with something unexpected. The clip, posted by a group calling itself CyberLeek, shows a plane...
August 20, 2026 - 01:31
GTA 6 leaks: Map and gameplay revealedJust over a week before Rockstar Games is set to reveal the first official look at Grand Theft Auto 6 on Netflix, a new wave of leaks has flooded social media. The material, attributed to a group...
August 19, 2026 - 03:54
Take a Dip into Pokémon GO Ultra Unlock: Water FestivalTrainers can soon jump back into the watery side of Pokemon GO as the Ultra Unlock: Water Festival event makes its return. This celebration focuses on all things aquatic, bringing a wave of...
August 18, 2026 - 07:48
Warren Spector Says He's 'Retiring From Game Development'Spector, who most recently worked at OtherSide Entertainment on the troubled System Shock 3 project, did not frame the decision as a bitter exit. Instead, he described it as a natural conclusion....