The Saudi National Development Fund (NDF) is adopting a program to finance gaming and e-sports sector with $80 million. The Fund will enhance KSA’s position in these sectors while realising the goals of Saudi Vision 2030.
The Gaming and E-sports Sector Financing Program, which was approved by NDF, in cooperation with the Saudi Esports Federation and Digital Content Program “Ignite”, aims to provide products and funding solutions through development funds, NDF affiliated banks as well as private financial institutions.
NDF Governor Stephen Groff explained, “The adoption of this program is the first phase of many initiatives that will be carried out by NDF to develop and enable the gaming and e-sports sector to play a role in Kingdom’s economy as part of efforts to diversify the non-oil sector economy.”
The products and funding solutions to be developed by the program, in cooperation with partners, will be announced by the end of 2022.
