Tagged in , and posted in Business, Technology

Under the leadership of Crown Prince and Prime Minister Mohammed bin Salman.A major initiative was revealed on Monday, announcing the inception of the Esports World Cup, set to become an annual event commencing in the summer of 2024. This global tournament, is the world’s largest of its kind, and it will not only bolster the gaming and esports sector rather it will fortify Saudi Arabia’s position as a prominent international esports hub.

The launch of the Esports World Cup is seen as a pivotal step toward realising the objectives of Saudi Arabia’s National Gaming and Esports Strategy.

This strategic step will elevate the sector’s and contribution to the nation’s Gross Domestic Product (GDP) by over SAR50bn ($13.3bn) by 2030 and generate 39,000 new employment opportunities.