Saudi Arabia wants to invest 38 billion dollars in cybersports and the game industry

It became known of plans of Saudi Arabia on investments in cybersports. The country intends to diversify the economy which now depends on sales hydrocarbons. Cybersports – one of ways of diversification, will be responsible for it the state fund Savvy Group. Saudi Arabia plans to become the center of world cybersports. About a half from 38 billion dollars will spend for minority shares in the game companies, about a third – for purchase and development the game publisher. Also it is planned to invest in the game and cybersports companies at early level of development. "We gather...