20/06/2023
The CEO of Saudi Arabia Holding, Mohammed Al-Qahtani, has announced the construction of an esports city in Riyadh. With a budget of $500 million, this initiative aims to position Saudi Arabia as a prominent global hub for the esports industry. The city, scheduled to be completed by 2024, will have a seating capacity of 20,000 and will host a range of esports events, including the renowned World Cyber Games. Mohammed Al-Qahtani's announcement underscores the commitment of Saudi Arabia Holding to foster the growth and development of esports in the country, showcasing their dedication to creating a thriving esports ecosystem.
In addition, Riyadh is set to host the Gamers8 gaming festival in the summer of 2023. The festival is anticipated to feature a staggering prize pool of $45 million, which will be distributed among participants competing in various tournaments, including popular games like CS:GO, PUBG Mobile, and others. The highlight of the event will be the Dota 2 Riyadh Masters 2023, with a prize pool of $15 million, adding to the excitement and competitiveness of the festival. This significant investment further emphasizes Saudi Arabia's commitment to establishing itself as a major destination for esports events and attracting top-tier talent from around the world.
📷Financial Times
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