• Merak Capital launches an USD 80M fund and accelerator, Exel by Merak, to support 15-20 gaming startups across the MENA region.
• The MENA gaming market is rapidly expanding, with Saudi Arabia investing heavily to become a global gaming hub as part of its Vision 2030 strategy.
• Exel by Merak will offer equity funding, mentorship, legal assistance, and resources to help startups develop commercially viable games and scale their businesses.

Merak Capital has launched an USD 80 million fund and accelerator to support gaming startups across Asia, the Middle East, and North Africa (MENA), a region where the gaming industry has seen significant growth in recent years.

Rapid Growth in the MENA Gaming Market

The MENA region is one of the world’s fastest-growing gaming markets, driven by a young, tech-savvy population and increasing internet access. Saudi Arabia and the UAE lead this growth, with both nations heavily investing in the gaming sector.

As part of Saudi Arabia’s Vision 2030, the Kingdom also aims to diversify its economy and foster innovation. The main target sector is technology and entertainment, positioning itself as a global gaming hub.

Exel by Merak: Supporting 15 to 20 Startups

Merak Capital’s Exel by initiative is poised to capitalize on this opportunity. The program aims to back 15 to 20 gaming startups. The startups are covering areas like game development, gaming technologies, publishing platforms, and related services.

Moreover, the accelerator will provide equity investment, mentorship, legal assistance. Startups have also access to essential tools and resources. The goal is of helping these startups develop “at least 15 commercially viable and monetizable games.”

Merak Building a Gaming Ecosystem

“Exel by Merak and its gaming accelerator program is a testament to our Capital’s commitment to building a vibrant games ecosystem in Saudi Arabia,” said CEO and founder Abdullah Altamami.

“We leverage our industry expertise and global network to provide selected startups. We also provide startups with equity investment. The aim is to provide also with the tailored resources and strategic support essential for their success.”

Empowering Startups to Lead in Innovation

So, by connecting startups with world-class mentors, industry experts, and a strong network. The fund aims to empower these companies to drive innovation. It aim is to make Saudi Arabia a leading hub for gaming excellence.

Faisal Sedrani, vice president and leader of Exel by Merak, added: ” Our accelerator is designed to offer financial support and help entrepreneurs tap into a network of industry experts. And it is empowering them to transform their games into sustainable gaming companies.”