The fans flooded through the streets of Riyadh, Saudi Arabia, by the thousands, kept cool by mist machines in the scorching 110-degree heat. The city’s center was dominated by a magnificent 30-foot-tall replica gold trophy, gleaming under the vibrant beams of light, transforming the traditional surroundings into a futuristic spectacle.
The occasion was the inaugural Esports World Cup, heralding the emergence of Saudi Arabia’s booming video game industry. In a strategic move to diversify its economy from oil dependency, the Saudi government has committed to investing a staggering $38 billion in the video game sector by 2030 through its renowned Public Investment Fund (P.I.F.), which manages assets worth $700 billion.
A grand opening ceremony marked the commencement of the tournament at Boulevard City, a bustling entertainment and retail hub in Riyadh, Saudi Arabia. The event dazzled attendees with spectacular fireworks, setting the stage for an electrifying competition.
Attendees were treated to immersive experiences, trying out virtual reality headsets at a dedicated hall sponsored by Saudi Aramco, the national oil company of Saudi Arabia, within the tournament venue. This fusion of cutting-edge technology and traditional values showcased the kingdom’s commitment to embracing innovation.
While the opulence of Riyadh underscored the immense financial backing of Saudi Arabia’s video game initiative, the country’s influence in the gaming industry has transcended borders. Notably, amidst a challenging year marked by industry-wide layoffs, major video game corporations and influencers have forged strategic partnerships with the oil-rich Saudis, signaling a new era of collaboration and innovation in the global gaming landscape.
