The Public Investment Fund of Saudi Arabia (FIP) has announced in a press release that they plan to spend 50,000 million rials (13,000 million dollars) to buy a leader video game editor. The investment comes from its subsidiary Savvy Gaming Group , and the idea is to become a strategic development partner within the industry. This money is part of an investment lot of 142 billion rials (37.8 billion dollars) in the video game sector as part of its objectives of diversifying its economy and not being totally dependent on oil. Another 70,000 million rials (18.6 billion dollars) to acquire minority shares in several key companies, while the rest of the investment money will be used for industry disruptors to grow the games in the initial stage and others Esports companies, with about 4.8 billion dollars that will go to mature partners of the sector to add value and experience to their portfolio. Savvy Games Group is a part of our ambitious strategy that aims to make Saudi Arabia ...