The Public Investment Fund of Saudi Arabia owns the Savvy Games Group, which is allegedly looking to form closer ties with Japanese game companies like Capcom and Nintendo.
According to a Tuesday Nikkei Asia story, the objective is to grow the Middle East industry and guarantee that the Kingdom eventually becomes a global center for gaming and esports.
The story states that Crown Prince Mohammed bin Salman, who serves as Savvy Games’ chairman, is eager to advance Saudi Arabia’s gaming industry.
Vice-chair of Savvy Games Group Prince Faisal bin Bandar bin Sultan Al-Saud was reported as saying, “One of the main areas is how do we collaborate on localization products and help Japanese intellectual properties grow in a region that right now is underserved because very little is localized.”
During a trip to Tokyo in late May, Prince Faisal had meetings with representatives of numerous Japanese game businesses. “Our ultimate objective is to create a worldwide center for gaming and esports; we call this game development.”
The main companies in the market, Nintendo, Bandai, Capcom, and Konami Group, are expected to open operations in the area. Additionally, the corporation hopes to increase its game development capabilities and strike deals for its esports division.
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