As reported by VideoGamesChronicle, Saudi Arabia is looking to invest some $37.8 billion in the video game industry, including $13 billion to acquire and expand a “significant game publisher.”
This investment is expected to be made through Saudi Arabia’s Savvy Games Group. No confirmation has been made as to which publisher may be involved.
Thirteen billion dollars is an amount that could buy any large company with the exception of the biggest of the big ones like Electronic Arts, Take-Two or Bandai Namco. However, Saudi Arabia has plenty to choose from.
Savvy Games Group is also set to spend some $481 million to invest in emerging video games and expanding esports-related companies.
In addition, the group plans to support significant game dev companies that are to add value to the company’s existing portfolio.
Savvy Group-owned sovereign wealth fund PIF has previously invested in a number of game development and distribution companies, including Nintendo, Nexon, Activision Blizzard, Embracer, Take-Two, Electronic Arts and Capcom.
