Savvy Games Group (SGG) recently revealed plans to invest approximately $38 billion throughout 2030 to “propel Saudi Arabia to the forefront of the global gaming and esports ecosystem”. The firm stated that it plans to split the investments across four different programs.
SGG indicated these funds will be delivered by five of their subsidiaries:
– Nine66: a professional services provider for game developers
– VOV: an architectural firm specializing in gaming and esports venues
– An upcoming studio that will publish mid/core games
– ESL FACEIT Group: the esports tournament conglomerate formed from the $1.5 billion merger between ESL Group and FACEIT
– Savvy Games Fund: Savvy’s investment arm that will focus on establishing developers in Saudi Arabia
SGG is a derivative of Saudi Arabia’s Public Investment Fund (PIF) with His Royal Highness Crown Prince Mohammed bin Salman bin Abdulaziz serving as Chairman of the Board. The fund has already acquired significant stakes in Nintendo, Capcom, Nexon, and Embracer Group. With these additional funds, SGG stated they plan to establish 250 game companies in Saudi Arabia, creating more jobs and raising the sector’s GDP contribution.
