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

Saudi Arabia plans to invest 142 billion rials (38 billion dollars) in cybersports and the game industry to diversify the economy. Saudi Arabia plans to become the center of world cybersports by 2030. The country plans to diversify thus the economy which now specializes on sale hydrocarbons. According to the statement, in cybersports and the game industry Savvy Games Group, division of sovereign fund of the country will be responsible for investments. Savvy Games Group plans to spend 70 billion rials for purchase a minority share in the game company and 50...