this post was submitted on 26 Jul 2023
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Last September, the Saudi sovereign wealth fund earmarked nearly $40 billion for a new conglomerate aimed at transforming the kingdom into the “ultimate global hub” for games and esports by 2030. In February, the Saudi fund became the biggest outside investor in Nintendo, and just this month the kingdom hosted a major gaming tournament with a record $45 million prize pool.

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[–] RWMcgrath@preserve.games 2 points 1 year ago

Sorry about that. I accidentally linked to the image and not the article. The link is now updated and here it is as well. https://abcnews.go.com/International/wireStory/saudi-arabia-spending-billions-become-global-gaming-hub-101658253