Saudi fact of the day

In line with its ambitions to diversify its economy away from oil and to become a video gaming powerhouse, Saudi Arabia will be investing $38 billion in the local online gaming industry in Riyadh.

According to a report by Bloomberg on Monday, Savvy Gaming Group, a subsidiary of the kingdom’s sovereign Public Investment Fund (PIF), is seeking not only game projects to acquire, but also to develop and publish its own.

Here is the full story.  Remember all those stories years ago, about how Saudi stability was at its end and the Kingdom soon would be bankrupt?  Or maybe taken over by terrorists?  It seems they were wrong.

Via Anecdotal.


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