In an ambitious move to diversify its economic portfolio, Saudi Arabia has set its sights on becoming a hub for esports. The country, traditionally known for its oil wealth, is now investing in a new city dedicated entirely to esports in Riyadh, aiming to transform it into one of the competitive gaming capitals of the world.
Saudi Arabia’s Esports City Project
- Location and Budget: The esports city in Riyadh, set for completion in 2024, boasts a staggering $500 million budget.
- Visitor Attraction: Designed to attract key competitive scenes, media, fans, and tourists, the city is expected to welcome 20,000 visitors.
- Saudi Vision 2030: This initiative aligns with Saudi Vision 2030, aiming to position Saudi Arabia as a global leader in technology and entertainment.
A New Global Hub for Esports
- Statement by Mohammed AlQahtani: Mohammed AlQahtani, director of Saudi Arabia Holding Co., emphasized the country’s commitment to developing the esports industry and becoming a global esports hub.
- Local and International Impact: The city is expected to attract top esports teams and players worldwide, providing a platform for local talent to compete globally.
Saudi Arabia’s Growing Influence in Esports
- Acquisition of FACEIT and ESL: Savvy Gaming Group’s recent acquisitions of FACEIT and ESL for a total of $1.5 billion highlight Saudi Arabia’s serious investment in the gaming industry.
- Esports World Cup 2024: The announcement of the first-ever Esports World Cup to be held in Saudi Arabia in 2024 further cements the country’s dedication to becoming a major player in the esports scene.
Implications and Expectations
- Diversifying Economy: This project is a key part of Saudi Arabia’s efforts to diversify its economy beyond oil.
- Boosting Tourism and Economy: Hosting major esports events will not only boost the local economy but also position Saudi Arabia as a tourism and entertainment destination.
- Fostering Local Talent: The city provides an opportunity for local esports talent to grow and gain international exposure.
Important Project for the Growth of Esports
Saudi Arabia’s esports city is a bold and visionary project that could significantly impact the global esports landscape. This development is worth watching as it unfolds, potentially setting new standards in the esports industry.