Saudi Crown Prince Mohammed bin Salman has announced the strategy of 'Safi Group for Electronic Games' on Thursday.
According to the Saudi news agency "SPA", Prince Mohammed bin Salman said that Safi Group is a key element of the strategy to transform Saudi Arabia into an international center of electronic games and sports by 2030.
He further said that we are working to advance the process of innovation while diversifying our economy by taking advantage of the opportunities in sports and electronic games.
.jpg)
Safi Group for Electronic Games is under the Public Investment Fund. His strategy has several key goals. The major goal is to increase investment in the electronic sports and games sector.
Under the strategy of Safi Group, 250 electronic games companies will be established in the Kingdom, which will provide employment to 39 thousand people. The share of this sector in the gross national product will increase to around 50 billion by the year 2030.
Under the strategy, up to 142 billion Rials will be invested in 4 programs. Of these, 50 billion riyals will be invested in a company that will be the best company in the world in terms of promoting and renovating sports games.
70 billion riyals will be invested in buying shares of a group that will support Safi Group's schemes to revamp the electronic sports sector and games.
Two billion riyals will be invested in new companies for the renewal of electronic sports and games. 20 billion Riyals will be invested in reputable companies that are consistent with the group's strategy.
Remember that Safi Group's strategy will be implemented by 5 companies under it. Each will operate independently with its own particular strategy.
