Saudi Arabia Approves 421 Million Riyals to Support Gaming and Esports Industry

Saudi Arabia’s National Development Fund said it has approved more than 421 million riyals in financing for the gaming and esports industry, backing dozens of companies and projects across the sector. The funding is intended to strengthen local game development, esports operations, and related businesses as part of the kingdom’s broader push to expand its digital economy and reduce reliance on oil. The announcement shows continued state support for an industry Saudi Arabia sees as a growth area, with the aim of helping national firms scale and compete more effectively.