Saudi Arabia wants to increase its investment in Nintendo

Key foods

Saudi Arabia plans to become a gaming hub by 2030 and invest heavily in this industry.
This country is the largest shareholder of Nintendo and has shares in other gaming giants.
Although Saudi Arabia has no plans to influence game development, some titles have been censored before release in the country.

The prince of Saudi Arabia has expressed his interest in continuing the relations between the country and this country nintendo. The gaming market is primarily based in the United States and Japan, with Nintendo dominating most of that space, but other countries have shown initiative to become more involved in the industry, which could ultimately push gaming to unexpected potential. It's unclear if this relationship will affect the content of the games in the future, but it doesn't seem likely.

Saudi Arabia has thrived in the entertainment business. In order to diversify the country's economy, Savvy Games Group, a state-funded company involved in several sectors of the gaming industry, including e-sports and publishing, has taken steps to expand its reach. Saudi Arabia has invested billions in the game and it doesn't look like it's slowing down anytime soon. Savvy Games Group has announced that it plans to continue to allocate major parts of the gaming market and plans to turn Saudi Arabia into a gaming hub by 2030.

Saudi Arabia became Nintendo's largest investor

Saudi Arabia's Public Investment Fund increases its stake in Nintendo, becoming the company's largest foreign investor.

Kyodo News interviewed Prince Faisal bin Bandar bin Sultan Al Saud at Tokyo Game Show 2024 and he expressed more interest in investing in Japanese games. As the country moves away from an oil-dependent economy, its sovereign wealth fund group has increased its investment in the game, and its public investment fund owns roughly a tenth of Nintendo's stock. “There's always a possibility,” the prince said when asked about the prospect of continuing, noting that any move he and the country make to increase its stake in Nintendo would be by agreeing with the company and maintaining positive communications. to be Nintendo's stock jumped, rising nearly 4 percent after news of Saudi Arabia's continued interest in the relationship.

Saudi Arabia is ready to invest more in Nintendo

Saudi Arabia is now Nintendo's largest shareholder, and this understanding extends elsewhere. Although not the biggest investor for some, it owns a significant portion of other gaming giants, owning around 10% of Nexon, 5% of Capcom and 9% of EA. Saudi Arabia does not appear to have any plans to directly influence video game development. However, outside of these investments, various elements of some titles like Spider-Man 2 Before their release, they were censored in the country.

Restrictions like this may get more attention because the game is more connected to Saudi Arabia. The country has plans to host the inaugural Olympic eSports Games in 2025, which is likely to further demonstrate the growing relationship between the country and the multinational gaming market. 2025 could be a defining year for Saudi Arabia and the game, with a successor to the Switch in addition to this competition on the horizon.