According to a report by the Dubai Multi Commodities Centre, Saudi Arabia and the UAE are poised to lead the Middle East and North Africa’s gaming industry, which is expected to reach a valuation of $6 billion by 2027. The report, titled “Future of Trade 2023 Gaming in the MENA: Geared for Growth,” highlights the region’s young demographic, government support, and engagement from international broadcasters and sponsors as key drivers of growth. Saudi Arabia has been investing heavily in the gaming industry, with entities such as Savvy Games acquiring US-based gaming company Scopely for $4.9 billion and investing $265 million into Chinese tournament operator and esports firm VSPO. The rise of gamification in various sectors has also demonstrated gaming’s role in facilitating economic activity. Amsterdam-based MY.GAMES has also formed a partnership with the UAE’s AD Gaming and will establish its regional headquarters in Abu Dhabi.
Saturday, October 28, 2023
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