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Saudi Arabia’s Savvy Games Group to Invest $37.8 Billion

"Savvy Games Group is one part of our ambitious strategies aiming to make Saudi Arabia the ultimate global hub for the games and esports sector by 2030," Crown Prince Mohammed bin Salman said. Asharq Al-Awsat
"Savvy Games Group is one part of our ambitious strategies aiming to make Saudi Arabia the ultimate global hub for the games and esports sector by 2030," Crown Prince Mohammed bin Salman said. Asharq Al-Awsat
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Saudi Arabia’s Savvy Games Group to Invest $37.8 Billion

"Savvy Games Group is one part of our ambitious strategies aiming to make Saudi Arabia the ultimate global hub for the games and esports sector by 2030," Crown Prince Mohammed bin Salman said. Asharq Al-Awsat
"Savvy Games Group is one part of our ambitious strategies aiming to make Saudi Arabia the ultimate global hub for the games and esports sector by 2030," Crown Prince Mohammed bin Salman said. Asharq Al-Awsat

Saudi Arabia's Savvy Games Group said it will invest 142 billion riyals ($37.8 billion) in initiatives aimed at making the Kingdom a global hub for gaming.

The investments will include 70 billion riyals to take several minority stakes in companies that support Savvy's game development agenda and 50 billion riyals to acquire "a leading game publisher to become a strategic development partner".

Another 20 billion riyals will be invested in mature industry partners who bring expertise to Savvy's portfolio and 2 billion riyals will target industry disruptors "to grow early-stage games and esports companies."

"Savvy Games Group is one part of our ambitious strategies aiming to make Saudi Arabia the ultimate global hub for the games and esports sector by 2030," Crown Prince Mohammed bin Salman said Thursday.

"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."

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Renard Confirms Saudi National Team's Readiness for the 26th Arabian Gulf Cup

The Saudi team is set to face Bahrain on Sunday - SPA
The Saudi team is set to face Bahrain on Sunday - SPA
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Renard Confirms Saudi National Team's Readiness for the 26th Arabian Gulf Cup

The Saudi team is set to face Bahrain on Sunday - SPA
The Saudi team is set to face Bahrain on Sunday - SPA

French coach Hervé Renard has confirmed the Saudi national football team's readiness to compete in the 26th Arabian Gulf Cup in Kuwait, from 21 December 2024 to 3 January 2025, and stressed that the team aims to achieve great results, rather than merely gain experience.
Renard also said the tournament is a valuable opportunity to enhance the players' technical and physical capabilities, SPA reported.
Speaking at a press conference, Renard said: "We are here to participate effectively and win. This tournament provides a great platform to work with the players and prepare them for future competitions."
Regarding the team's condition, Renard said that player Hassan Tambakti is ready for action, while Salem Al-Dawsari is "working on regaining full fitness".

He commended Al-Dawsari for his dedication to speeding up his recovery. Meanwhile, Firas Al-Brikan is dealing with an injury, and his availability will depend on further evaluations, said Renard.
Acknowledging the challenges ahead, Renard said: "I accepted this challenge because I believe in the players' capabilities. We must work with team spirit and focus on improvement in the coming period."
As far as the team's opening match against Bahrain is concerned, Renard said: "We are preparing for a tough game. The preparation period was crucial, and our focus now is on delivering a strong performance."
The Saudi team is set to face Bahrain on Sunday in what promises to be an exciting start to their Gulf Cup matches. Both teams are eager to make a strong impression in their opening match.