Saudi Arabia’s Crown Prince and Chairman of Board of Savvy Games Group, Mohammed bin Salman bin Abdulaziz, announced the Group’s new investment strategy. Savvy Games Group falls under Saudi Arabia’s PIF.
As a part of Savvy’s investment strategy, the group is set to invest SAR 142 billion, which accounts for almost $38 billion, across four programs:
- SAR 50 billion has been earmarked for the acquisition and development of a leading game publisher to become a strategic development partner.
- SAR 70 billion will see Savvy make a series of minority stake investments in key companies that support Savvy’s game development agenda.
- SAR 20 billion invested into mature industry partners who add value and expertise to Savvy’s portfolio.
- SAR 2 billion in diversified investments in industry disruptors to grow early-stage games and esports companies.
Savvy’s investments will be based around four key pillars: enhancing returns, local impact, leaving a global footprint and expanding, leading to international games investing, generating sustainable returns, and enabling creators across the entire value chain.
The group also includes the first global game studio to be launched in Saudi Arabia and establishing Savvy Games Fund, investing in leading publishers and developers, and facilitating their establishment of bases in Saudi Arabia.
“We are harnessing the untapped potential across the esports and games sector to diversify our economy, drive innovation in the sector, and further scale the entertainment and esports competition offerings across the Kingdom, Savvy’s strategy is to drive growth by investing in the electronic games industry and esports with a unique long-term investment horizon and long-dated capital, creating more opportunities for participation and strengthening partnerships in the games industry, as well as improving the user experience,”
This strategy will be delivered by Savvy’s five independent subsidiaries specifically devoted to different sectors and this ecosystem development. The five subsidiaries are: EFG, ESL, FACEIT, Nine66 and VOV company.
If you see something out of place or would like to contribute to this story, check out our Ethics and Policy section.