Impact46 announced today at the LEAP conference the establishment of a new fund dedicated to investing in the gaming industry with a capital of 150 million Saudi Riyals. This initiative is brought to life through a strategic partnership with both the National Development Fund and the Social Development Bank. The fund is designed  to support the growth of the gaming industry in Saudi Arabia by investing in game development companies and studios, whether they are local or international, and also to attract leading global companies to expand their operations in Saudi Arabia.

This fund is a first of its kind in the region and forms as a part of the Gaming and Esports Financing Program, cooperating with the Saudi Esports Federation, the National Development Fund, and the Social Development Bank. It aims to provide development financing for companies operating in the gaming industry in order to support their growth, and enhance the local content of games developed, and amplify the industry’s economic and social impact to achieve the objectives of the National Gaming and Esports Strategy and the Digital Content Program (Ignite).

Governor of NDF, Dr. Stephen Grove, stated, “The gaming and Esports industry has seen exponential growth globally, generating substantial revenue and job opportunities.

With Saudi Arabia’s young demographic and other attractive investment components, NDF and our partners are prioritizing innovative financing solutions for this industry. We aim to ensure its financial sustainability and contribute to the Kingdom’s economic diversification and job creation efforts.”

As we round out our 40th year as a firm, we’ll build on our bedrock principles while staying nimble to the technology forces that shape our world. If we get it right, we earn the right to do the work we love for another 40 years. Now that’s dreaming big!