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FinancialNews


  • 07-12-22

    Saudi gaming startups sees massive surges in 2022 due to robust development plans

    (MENAFN) Reflecting Saudi Arabia’s determinations to turn into one of the highest gaming hubs across the world, the amount of games startups in the nation nearly doubled to 24 this year from 13 in 2021, as shown by a report by Nine66.

    The firm, a joined backing system for game creators, stated that this advance was motivated by incubation programs.

    The report added that the majority of the firms employ one to five, or six to 10, workforce, placing them in the self-governing studios category. Nonetheless, only six firms hire over 10 people.

    Nine66 is a Savvy Games Group firm, which is possessed by the Public Investment Fund. It proposes worldwide infrastructure, skills improvement, network, capital, publishing as well as advisory facilities to game studios and creators.

    Nearly 80 percent of those who have launched a game studio in Saudi Arabia asserted that the experience was “relatively easy,” as mentioned in the report. There is also a robust cooperative spirit in the nation’s gaming sector.

    MENAFN07122022000045014228ID1105277485

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