Saudi Arabia's Public Investment Fund Plans to Transfer Gaming Assets to Savvy Games Group

The Public Investment Fund of Saudi Arabia is poised to transfer its gaming portfolio to its subsidiary, Savvy Games Group, in a move that may occur as early as 2025. This development is part of a broader strategy to harness intellectual property across the Middle East, as reported by Nikkei. Going forward, the PIF aims to adopt a more active and collaborative approach to its gaming investments. Although the specifics of this new approach are unclear, it is anticipated that initiatives like the recently announced Dragon Ball theme park in Saudi Arabia will gain momentum. Savvy Games Group has been engaging with Japanese gaming companies to explore opportunities for cooperation, including market access, esports, and localization support. Over the years, the PIF has been expanding its presence in the gaming industry, with significant stakes in companies like Nintendo, Capcom, and Nexon, as well as EA, Take Two, and Activision Blizzard. In an earlier interview, Savvy Games Group CEO Brian Ward discussed the company's vision, its efforts to build a gaming business, and its role in redefining Saudi Arabia's image.