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As part of a larger initiative to diversify the oil-dependent economy, Saudi Arabia’s gaming sector has boomed in recent years with major government support.
Esports and gaming have been identified as key growth sectors in Saudi Arabia, aiding the country’s continuous transformation of its digital economy, society, and infrastructure.
The Saudi Arabia Gaming Market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.
Gamers8, the largest and most exciting esports competition in the world, has named SAUDIA, the national flag carrier of Saudi Arabia, as a key sponsor and the event’s official airline. The international gaming and Esports festival will run for eight weeks in Riyadh, the seat of the Saudi Esports Federation.
For Gamers8 and the Saudi eLeagues, the Saudi Esports Federation has partnered with ASUS Republic of Gamers (ROG), one of the largest gaming hardware manufacturers in the world.
Four key pillars, each having something to offer for everyone, will be the emphasis of Gamers8. The “Next World Forum,” an esports and gaming forum that will bring together sector leaders and experts from around the world, is one of these four pillars. The other three are festivals, professional esports, and music.
A Memorandum of Understanding (MoU) between Mastercard and the Saudi Esports Federation (SEF) has been inked to boost the billion-dollar gaming sector in the Kingdom.
The collaboration between Mastercard and SEF will focus on a variety of innovations, including Metaverse and Augmented Reality (AR) activations, Non-Fungible Tokens (NFTs), loyalty programmes for gamers and fans, and a virtual Mastercard card for online gaming.
The strategic relationship will enable the top global technology company and the Federation to pioneer innovative and distinctive goods, services, and solutions and offer them to gamers and consumers throughout the Middle East and North Africa in line with the objectives of Saudi Vision 2030.
