Saudi Arabia Consolidates $12B Gaming Assets into Savvy Games Group Under Vision 2030

Saudi Arabia Consolidates $12B Gaming Portfolio into Savvy Games Group to Fuel Vision 2030 Ambitions

In a major strategic consolidation, Saudi Arabia is transferring approximately $12 billion worth of gaming investments into Savvy Games Group, its flagship gaming and esports company wholly owned by the Public Investment Fund (PIF). This move centralizes the Kingdom's rapidly expanding gaming portfolio under a single entity, accelerating its ambition to become a global hub for gaming and interactive entertainment as part of Vision 2030.

Building a Gaming Powerhouse

Savvy Games Group, established in 2021, has quickly become a dominant global player. Its portfolio already includes:

• Scopely: Majority owner of this top mobile games publisher (MONOPOLY GO!).

• ESL FACEIT Group (EFG): A leading competitive esports organization.

• Nine66 & Vov Gaming: Developer support platforms.

• Steer Studios: A Riyadh-based game development studio.

This $12B asset infusion from the PIF significantly strengthens Savvy's balance sheet and operational scale, positioning it to compete more aggressively on the world stage.

Aligning with National Economic Diversification

The restructuring is a direct implementation of Saudi Arabia's National Gaming and Esports Strategy. The goals are clear:

• Diversify the economy away from oil dependence.

• Create tens of thousands of jobs in tech and creative sectors.

• Attract international studios and foster local talent.

• Leverage a massive domestic market with one of the world's highest proportions of gamers per capita.

Strategic Implications and Industry Perspective

The move reflects the PIF's pattern of large-scale, strategic investments into future-focused industries. By consolidating assets, Savvy aims to achieve greater synergy, influence, and long-term value in an industry whose revenue surpasses film and music combined.

While critics note that building a successful gaming ecosystem requires more than capital—creativity, community, and innovation are vital—supporters believe this consolidation makes Savvy a more cohesive and potent global force.

Gaming as Soft Power and Economic Engine

Saudi Arabia's deep investment in gaming signals a modern approach to soft power and cultural engagement. By leading in esports and game development, the Kingdom seeks not only economic returns but also improved global connectivity and perception through shared digital experiences.

Also Read: Saudi Arabia Cuts Crude Oil Prices to Asia for 3rd Month in February 2026

The Bottom Line

The transfer of ~$12 billion in gaming assets into Savvy Games Group is a decisive step in Saudi Arabia's Vision 2030 journey. It transforms Savvy into one of the world's most well-capitalized gaming entities, tasked with turning the Kingdom's ambitious blueprint for a post-oil future into a reality powered by play, technology, and global entertainment.