Saudi Arabia spending big for a place on the gaming map

Saudi Arabia's Public Investment Fund (PIF) has bought stakes in Resident Evil maker Capcom and Japanese giant Nintendo, as well as in Activision Blizzard and Electronic Arts. — AFP Relaxnews

Saudi Arabia is moving aggressively with its investments in more gaming companies, the Canadian industry veteran steering the kingdom’s push to become a global hub for the sector told AFP on May 24.

The kingdom has already been spending heavily with a US$38bil (RM178.63bil) push into gaming under Crown Prince Mohammed bin Salman’s Vision 2030 programme, part of a plan to diversify the economy away from oil.