Saudi Esports Federation and Merak Capital Forge Strategic Partnership to Boost Kingdom’s Gaming Sector
In a significant move to reinforce Saudi Arabia’s position as a regional and global hub for gaming and esports, the Saudi Esports Federation (SEF) has forged a strategic Memorandum of Understanding (MoU) with Merak Capital, a prominent investment firm known for driving innovation in the digital economy. The partnership aims to catalyze the growth of Saudi Arabia’s gaming and esports ecosystem, in alignment with the country’s Vision 2030 objectives.
The MoU signing ceremony took place at the SEF headquarters in Riyadh, attended by senior officials from both organizations. This collaboration is set to foster investment opportunities, facilitate talent development, and support the establishment of a more robust infrastructure for the gaming community in the Kingdom.
Central to the agreement are initiatives that encourage investment in local game developers and provide resources for burgeoning esports talents. By leveraging Merak Capital’s expertise in the digital and technology sectors, the SEF aims to attract local and international investment, fueling both innovation and job creation within the industry.
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Additionally, the strategic alliance seeks to host regional and global tournaments in Saudi Arabia, further establishing the Kingdom as a principal destination for esports enthusiasts worldwide. The two organizations will work together to initiate educational programs, workshops, and other collaborative projects to enhance the skills and capabilities of local talent.
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