{
}
Saudi Arabia's Hawk Gaming Group has partnered with Japan's GLOE Inc. to enhance the gaming and esports sectors in both nations, aligning with Saudi Arabia's Vision 2030. This collaboration aims to leverage Japan's creative talent and content to expand its presence in the Middle East, contributing significantly to the Kingdom's economy and job creation ahead of the 2027 Olympic Esports Games in Riyadh.
Japan will sell more rice from its emergency stockpile through July to stabilize soaring prices, which have nearly doubled year-on-year due to poor harvests and panic-buying. The government has released around 210,000 tonnes so far, with the next auction of 100,000 tons scheduled for April 21. In a separate development, Tokyo-based GLOE Inc. has partnered with Saudi Arabia's Hawk Gaming Group to enhance the eSports and gaming industries in both nations, aligning with Saudi Arabia's Vision 2030 initiative aimed at making the Kingdom a global gaming hub.
Tokyo-based GLOE Inc. has signed a Memorandum of Understanding with Saudi Arabia's Hawk Gaming Group to enhance the eSports and gaming industries in both nations. This partnership aims to leverage Japan's gaming content and talent while supporting Saudi Arabia's Vision 2030 initiative, which seeks to establish the Kingdom as a global gaming hub. With significant investments and projected GDP contributions, the collaboration is set to create new economic opportunities and strengthen industry ties.
Saudi Arabia is modernizing its aviation sector through a dual-flag carrier strategy, introducing Riyadh Air alongside Saudi Arabian Airlines. This initiative, part of a broader transport strategy led by Crown Prince Mohammed bin Salman, includes significant infrastructure upgrades, such as the development of King Salman International Airport and enhancements to regional airports. The reforms have expanded international destinations served by Saudi airports from 100 to 172, attracting new investments and transforming the sector.
In January, Saudi Arabia's Public Investment Fund (PIF) issued a US dollar bond, sold Thiqah Business Services for $907 million, and acquired a 23% stake in Saudi Re. The fund also invested $200 million in the SPDR Saudi bond ETF to enhance the Kingdom's debt market. PIF's activities in 2025 included acquiring Niantic’s gaming division for $3.5 billion and reaffirming its commitment to Newcastle United FC. The tourism sector saw a surge in private investment, reaching SR14.2 billion, with 40% from foreign investors, as the Kingdom aims to generate $80 billion by 2030 to diversify its economy. PIF ranked as the second most active sovereign investor globally in February, committing $3 billion across 22 deals, reflecting its strategic shift towards long-term resilience in sectors like healthcare and electric vehicles.
Saudi Arabia is considering implementing rent caps for residential and commercial properties to combat rising prices, as confirmed by Abdullah Al Hammad, CEO of the Real Estate General Authority. This initiative, part of Crown Prince Mohammed bin Salman's strategy, aims to increase housing supply and regulate lease agreements. Additionally, the Royal Commission for Riyadh City plans to provide 10,000 to 40,000 residential plots annually, with prices capped at SR1,500 per square meter for eligible citizens.
Saudi Arabia’s Public Investment Fund (PIF) ranked as the world’s second most active sovereign investor in February, committing $3 billion across three overseas deals. This surge reflects a strategic shift towards global opportunities, with PIF managing $925 billion in assets and focusing on sectors like healthcare and gaming. Notable moves include increased stakes in Lucid Motors and Amazon, alongside a $3.5 billion acquisition of Niantic’s gaming division.
Saudi Arabia's gross fixed capital formation reached SR1.18 trillion ($314 billion) in 2024, driven by a 7.6% rise in private sector investments, which accounted for 88% of the total. Cumulative investments from 2021 to 2024 surpassed targets by 28%, reflecting strong investor confidence and strategic reforms aimed at enhancing the Kingdom's investment ecosystem. The National Investment Strategy aims for annual GFCF to hit SR2 trillion by 2030, reinforcing the commitment to private sector-led growth.
Saudi Arabia's gross fixed capital formation reached SR1.18 trillion ($314 billion) in 2024, driven by a 7.6% rise in private sector investments, which accounted for 88% of total GFCF. Cumulative investments from 2021 to 2024 surpassed targets by 28%, reflecting strong investor confidence and the effectiveness of pro-business reforms under Vision 2030. The Kingdom aims for SR2 trillion in annual GFCF by 2030, with a focus on domestic investments and enhancing its investment ecosystem through initiatives like the Saudi Investment Promotion Authority.
Saudi Arabia has established the Saudi Investment Marketing Authority to enhance its global investment appeal and stimulate economic growth. This initiative, approved by Crown Prince Mohammed bin Salman, aims to attract foreign direct investment through modern marketing strategies and collaboration with various stakeholders. The authority will leverage the Kingdom's strategic advantages and has already seen a significant increase in FDI, surpassing its 2023 targets.
Mohammed bin Salman Al Saud
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Saudi Arabia and Japan collaborate to enhance global esports industry
11:03 10.04.2025
Japan sells rice reserves to stabilize prices amid soaring demand
10:52 09.04.2025
Japan and Saudi Arabia forge gaming partnership to boost eSports industry
09:54 09.04.2025
Saudi Arabia launches dual-flag carrier strategy to modernize aviation sector
12:09 08.04.2025
saudi arabia's tourism sector attracts record investment amid shifting travel trends
United States Dollar
Regeneron Pharmaceuticals, Inc.
Amazon.com, Inc.
Thermo Fisher Scientific Inc.
SAU
Mohammed bin Salman Al Saud
Ahmed Al Khateeb
Show more
12:54 02.04.2025
Saudi Arabia considers rent caps to stabilize real estate market
11:13 02.04.2025
saudi public investment fund ranks second in global sovereign investment activity
United States Dollar
British Pound Sterling
Regeneron Pharmaceuticals, Inc.
Amazon.com, Inc.
Thermo Fisher Scientific Inc.
KOR
SAU
GBR
CAN
Mohammed bin Salman Al Saud
Show more
14:12 25.03.2025
Saudi Arabia's private sector drives record investment growth surpassing Vision 2030 goals
04:57 12.03.2025
Saudi Arabia's private sector drives record investment growth surpassing Vision 2030 goals
04:57 12.03.2025
Saudi Arabia launches Investment Marketing Authority to boost global investment appeal
09:03 06.03.2025
Trending
Subcategory
Startups & Entrepreneurship
Corporate News
Industry Trends
Supply Chain Management
Retail and Consumer Goods
Global Trade Developments
Stock Market Updates
Private Equity Deals
Industry Mergers & Acquisitions
AI Applications
AI Innovations
Funding Rounds & Investments
Fintech Startups
Global Financial Events
Energy Sector Developments
Government Economic Policies
CEO Changes
Emerging Startups
Corporate Social Responsibility
Commodities
Countries:
Companies:
Apple Inc.
Google Inc.
Amazon.com, Inc.
OpenAI ERC USD
Tesmec S.p.A.
Tesla, Inc.
Microsoft Corporation
Wise plc
Mastercard Inc
Walmart Inc.
Mistral 1
Foxconn Technology Co., Ltd.
Nippon Steel Corp
Hollywood Bowl Group PLC
NASDAQ Composite
CCTV 50 CSR
Medtronic plc
Johnson & Johnson
GE HealthCare Technologies Inc.
McDonald's Corporation
Currencies:
United States Dollar
Indian Rupee
Chinese Yuan
Euro
British Pound Sterling
United Arab Emirates Dirham
Japanese Yen
New Zealand Dollar
Thai Baht
Vietnamese Đồng
Australian Dollar
Singapore Dollar
Saudi Riyal
Omani Rial
Bahraini Dinar
Qatari Riyal
Algerian Dinar
People: