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  • 08-09-22

    CITC Governor: Saudi esports market to expand 250 percent by end of decade

    (MENAFN) The esports market in Saudi Arabia is estimated to grow by over 250 percent in the upcoming eight years, as stated by a top official.

    While giving a speech at the Next World Forum in Riyadh on the 7th of September, Mohammed Saud Al-Tamimi, director of Saudi Arabia’s Communications and Information Technology Commission, considered that nearly 89 percent of the Saudi population are gamers — more than the 63 percent showed by Prince Faisal bin Bandar, chairman of the Saudi Esports Federation, at the same event.

    Al-Tamimi stated that “We are expecting, based on our analysis that the (gaming) market size will increase to more than 250 percent for the coming eight years until 2030. In Saudi Arabia, we have 89 percent of the Saudi population as gamers. It is the highest per capita globally.”

    He continued that the gaming area’s input to the nation’s gross domestic product is going to surge 50 times by the end of this decade.

    As stated by Al-Tamimi, Saudi Arabia’s digital content council and its Ignite program are adding groundbreaking alterations to the nation’s esports as well as gaming sector.

    The official noted that “In the digital content council, we make sure the right representation from the government and the private sector. We make sure we are developing our commitments.”

    He went further on that “The Ignite program is focusing on gaming, audio, digital advertising and video. In Ignite, we already approved a USD100 million fund for multiple entrepreneurs and developers.”

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