Saudi gaming scene attracts new investment

SourceGulf Business
CountrySaudi Arabia

Global esports platform Webedia Esports Agency, through its regional arm Webedia Arabia Group, has acquired Saudi-based gaming and esports platform The purchase comes as the Saudi gaming market soars, with revenues topping $1.09bn in 2019 and growth of 41.1 per cent year-on-year. The kingdom is now home to more than 21.1 million gamers and is the 19th biggest gaming market in the world. With the new acquisition, Webedia will boost coverage of local and regional esports tournaments and events. It also plans a variety of new shows on YouTube with gaming celebrities. Webedia also offers a bigger playground for Saudi gamers to compete. In 2020, boasted of over nine million page views by over two million users and 2.5 million subscribers on YouTube. Read: Half of all Saudi, UAE gamers spent more time playing during lockdowns: study In November and December 2020 alone, amassed 1.6 million page views, (representing a growth of 220 per cent in comparison to the previous year), more...