It seems that we are facing another significant step from the Saudi investment fund to acquire a larger stake in the global video game company Nintendo, according to a new interview discussing the fund’s plans for growth in the Kingdom of Saudi Arabia.
Prince Faisal bin Bandar bin Sultan Al Saud, Deputy President of the Public Investment Fund, in an interview with Kyodo News Agency, stated that opportunities are always available for further investment. He emphasized the importance of maintaining continuous communication to reach the goal, but at the same time, they do not want to rush into it.
It is worth mentioning that the Saudi Public Investment Fund participates significantly in public sports, entertainment, cinemas, video game industry, and other entertainment sources. Moreover, the Public Investment Fund was one of the major entities behind the World Electronic Sports Championship held in Saudi Arabia earlier this year.
This move is part of the Kingdom’s pursuit of achieving more investment goals in line with Vision 2030 led by Crown Prince Mohammed bin Salman.
The Saudi Public Investment Fund continues to invest in gaming companies worldwide, holding similar stakes in prominent companies in the video game industry such as Capcom, Nexon, Koei Tecmo, EA, Activision Blizzard, and Take-Two. It appears that investments in video games greatly benefit the Kingdom, explaining the logic behind continuous investments in the industry.
Stay tuned for more details as any new developments arise.