{"id":84835,"date":"2024-03-28T00:00:00","date_gmt":"2024-03-28T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2024\/03\/28\/pif-owned-savvy-has-some-esports-games-surprises-up-its-sleeves\/"},"modified":"2024-03-28T00:00:00","modified_gmt":"2024-03-28T00:00:00","slug":"pif-owned-savvy-has-some-esports-games-surprises-up-its-sleeves","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2024\/03\/28\/pif-owned-savvy-has-some-esports-games-surprises-up-its-sleeves\/","title":{"rendered":"PIF-owned Savvy has some esports, games surprises up its sleeves"},"content":{"rendered":"

PIF-owned <\/strong>Savvy Games Group<\/a><\/strong> is developing three mobile games<\/strong>, with two of them set to launch this year as it looks to accelerate its transformation into a global leader in gaming and e-sports, CEO Brian Ward told Aleqtisadiah<\/a>. These include a triple-A game by Savvy\u2019s Steer Studio.<\/p>\n

SOUND SMART- <\/strong>AAA games are characterized by their top-tier quality, requiring significantinvestment \u2014 think of them as the gaming equivalent of a Hollywood blockbuster These games are mostly released on console or PC, and only rarely (or as cut-downs \/ spinoffs) on mobile devices. Think Call of Duty, GTA 5, or Destiny 2 for the gaming-literates. <\/p>\n

An e-sports tournament, brought to you by Saudi: <\/strong>Savvy and its recently acquired ESL FACIT are working to launch the upcoming Esports World Cup<\/a> this summer. This is part of the Kingdom\u2019s efforts to diversify its economy, with the industry expected to contribute SAR 50 bn to the economy, according to Crown Prince and Prime Minister Mohammed bin Salman<\/a>.<\/p>\n

Saudi\u2019s video game industry is worth SAR 4 bn<\/strong>, and boasts an annual growth rate of 8.5%, Ward added. <\/p>\n

REMEMBER- <\/strong>Savvy acquired<\/a> Scopely for USD 4.9 bn last year, in the \u201clargest investment Savvy has made to-date,\u201d said Ward at the time. Scopely boasts a portfolio of games including Monopoly GO, which became the most downloaded game worldwide.<\/p>\n

IN OTHER GAMING NEWS- Ajlan & Bros subsidiary Sandsoft<\/strong> partnered with Chinese NetEase<\/a> to establish a new JV named Stellar Gate Games, which will work on game publishing, marketing and in the e-sports industry for the MENA region, according to a joint statement<\/a>. <\/p>\n","protected":false},"excerpt":{"rendered":"

The local video game industry is worth SAR 4 bn<\/p>\n","protected":false},"author":1,"featured_media":84836,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2788],"tags":[10,1273,1672,154,1671],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-84835","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-gaming","tag-enterpriseam-ksa","tag-esports","tag-gaming","tag-pif","tag-savvy-games-group","wpautop","entry"],"acf":{"mongo_id":"a9fbbe2d-901a-49d8-8b35-68bb737c3958","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/3\/2528.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Savvy Games Group gears up for some esports, games launches in the short, medium term","related_issue":[84827],"teaser":"The local video game industry is worth SAR 4 bn","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/3\/.416fa9c1-5324-4144-acb3-d54586040333.mp3"},"yoast_head":"\nPIF-owned Savvy has some esports, games surprises up its sleeves - 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