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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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Tien, Fonseca Set for Final Showdown at Next Generation ATP Finals in Jeddah

Tien secured the first ticket to the final after defeating his compatriot Alex Michelsen in a thrilling five-set match. (SPA)
Tien secured the first ticket to the final after defeating his compatriot Alex Michelsen in a thrilling five-set match. (SPA)
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Tien, Fonseca Set for Final Showdown at Next Generation ATP Finals in Jeddah

Tien secured the first ticket to the final after defeating his compatriot Alex Michelsen in a thrilling five-set match. (SPA)
Tien secured the first ticket to the final after defeating his compatriot Alex Michelsen in a thrilling five-set match. (SPA)

American Learner Tien and Brazilian João Fonseca advanced on Saturday to the final of the Next Generation ATP Finals.

The event, which will be held at the King Abdullah Sports City Arena in Jeddah on Sunday, is being organized by the Saudi Tennis Federation and the Association of Tennis Professionals (ATP), sponsored by the Public Investment Fund, and held under the supervision of the Ministry of Sport.

Tien secured the first ticket to the final after defeating his compatriot Alex Michelsen in a thrilling five-set match. This was Tien’s first appearance in the final of a professional tournament outside the US.

In the second semifinal, Brazilian João Fonseca earned his spot in the final by defeating France's Luca Van Assche in straight sets. Fonseca remains unbeaten in this edition of the tournament, being the only player with a perfect record.

Following his win, Tien said: "I can't put my feelings into words. I'm very happy with this victory, but I also feel a bit of regret since it came at the expense of Alex, with whom I share a strong bond. Of course, I'm thrilled to have advanced to the final."

Fonseca also reflected on his performance and qualification, saying: "I've never had such an outstanding week on a hard court before. I'm playing at my highest level, and I'm proud of what I've accomplished. I stayed fully focused, with my family and training team by my side, which has been amazing. I hope to keep this momentum and win the title."

The final match is expected to draw a large audience and media presence. It concludes the global tennis season for 2024.

The ATP Next Gen Finals represent a significant milestone for tennis in the Kingdom; it is the first professional tennis tournament hosted by Saudi Arabia, and helps achieve the Saudi Tennis Federation's ambitions, including fostering Saudi champions in the sport.