The Saudi Esports Federation and Merak Capital have signed a strategic Memorandum of Understanding (MOU) to accelerate the growth of the Kingdom’s gaming and esports sector. The agreement creates a framework that advances talent, startups, and innovation in alignment with Saudi Vision 2030.
Key Highlights
This partnership aligns strategic investment with national ecosystem development goals:
- Strategic Partnership: A Memorandum of Understanding between the Saudi Esports Federation and Merak Capital.
- Focus Areas: The collaboration will focus on talent development, startup enablement, and industry collaboration.
- $80 Million Fund: The partnership builds on the initiatives of the Merak Gaming Fund, an $80 million investment fund.
- National Strategy Alignment: The collaboration supports the National Gaming and Esports Strategy and Vision 2030.
A Shared Vision for a Global Gaming Hub
The partnership aims to combine the Federation’s leadership in shaping the ecosystem with Merak Capital’s commitment to investing in technology-driven companies.
“Our goal at the federation has always been clear, to nurture elite athletes while building a world-class industry,” said Rawan AlButairi, CEO of the Saudi Esports Federation. “Our partnership with Merak Capital accelerates that vision, providing the strategic investment needed to foster homegrown talent and transform innovative ideas into reality.”.
Abdullah Altamami, Founder and CEO of Merak Capital, added, “By aligning our investment expertise with the Federation’s leadership, we will empower Saudi entrepreneurs and developers while enhancing the Kingdom’s global presence in the gaming industry.”.
Expanding the Broader Gaming Value Chain
Beyond talent development and startup support, the MOU will create new opportunities for collaboration across the broader gaming value chain. This includes co-developing training and certification programs, strengthening international partnerships, supporting Saudi participation in global events, and attracting international gaming companies and studios to the Kingdom to enable knowledge transfer and local capacity-building. This partnership builds on the initiatives launched by the $80 million Merak Gaming Fund, which was established under the Gaming and Esports Financing Program overseen by the National Development Fund.
Source: Zawya
