In light of the commercial and investment orientation of electronic games, a signing ceremony for an agreement between the Korean (G-STAR) exhibition and the Riyadh Games Exhibition (RGE) was held in Al-Fursan Hall at the Madareem Crown Hotel, Riyadh.
Mr. Badr Al-Ahmadi, CEO of the Riyadh Game Show, explained the importance of this partnership, in the presence of the General Director of (G-STAR) Mr. Yongguk Kim and his team, and their keenness to enter the Saudi market.
He also explained the importance of this partnership in transferring experiences, creating a new culture in the quality of local exhibitions, and creating a new market in which game makers, international developers, and local developers meet to exchange experiences and investment opportunities.
He added that investment opportunities will be created in Riyadh to visit interested people from around the world and the business tourism industry, and we have participated in the direction of the national strategy for the gaming and electronic sports industry, and Riyadh will be the capital of electronic games in the world.
He also commented, “We strive to achieve the success of this agreement and other agreements, under Saudi management and will, to be among those who contributed to the vision of the Crown Prince and Prime Minister, Prince Muhammad bin Salman, may God protect him.”
And he also answered the extent of the size of the electronic games market and its industry, that the market has jumped in the size of the electronic games industry in the world in the year 2021 to 129 billion dollars, with the presence of more than 2.7 billion players out of 1.95 billion players in 2015, with an average age of more than 30 years, and the Saudi market represents the most From $ 1 billion for the year 2021, according to the Strategy & Middle East report, and it is expected to reach $ 6.8 billion by 2030 in Saudi Arabia, and the number of electronic gamers in Saudi Arabia has reached 3 million users and followers.
As well as video games, the volume of the video game market in Saudi Arabia, the UAE and Egypt will double to $ 3.14 billion in 2025 from $ 1.76 billion in 2021, adding to the industry that received a great boost during the Corona pandemic, new growth markets to its global map, according to a report issued by the global research company “Nico Partners”. (Niko Partners).