Saudi Arabia’s esports sector poised for $13.3bn boost by 2030

This report comes amid a notable surge in esports within Saudi Arabia, exemplified by the nation’s first Esports World Cup, which featured a record-breaking prize pool of $62.5 million. File
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RIYADH: Saudi Arabia’s esports sector is projected to contribute $13.3 billion to the Kingdom’s gross domestic product by 2030 and create nearly 39,000 jobs, according to a recent analysis.

The latest report from PwC Middle East, in collaboration with the Saudi Esports Federation, highlights significant growth in the global esports industry, which is currently valued at over $1.4 billion. PwC further estimates that the global esports sector could reach $1.86 billion by next year, driven by various revenue streams including media rights, sponsorships, advertisements, ticket sales, and game publisher fees.

This report comes amid a notable surge in esports within Saudi Arabia, exemplified by the nation’s first Esports World Cup, which featured a record-breaking prize pool of $62.5 million.

Saudi Arabia introduced its National Gaming and Esports Sector Strategy in 2022, aiming to develop a competitive and appealing esports ecosystem. This strategy aligns with the Kingdom’s broader goals of diversifying its economy and reducing its long-term reliance on oil.

The Kingdom boasts 23.5 million gaming enthusiasts, making up 67 percent of its population. Additionally, nearly 1,000 individuals are pursuing esports as a full-time career in Saudi Arabia.

“As we look to the future, the esports sector stands as a testament to Saudi Arabia’s commitment to innovation and youth empowerment,” said Turki Alfawzan, CEO of the Saudi Esports Federation.

He added, “Through strategic investments and a dedicated focus on talent development, we are building an ecosystem that positions the Kingdom as a global leader in esports. We are excited to continue this journey, fostering a vibrant community that drives creativity, engagement, and excellence on the world stage.”

The report also notes the growing interest in the esports industry across the Middle East, with substantial investments from both government and private sectors. In 2023, gaming revenues in the Middle East and Africa region were approximately $7.2 billion, with Saudi Arabia emerging as a significant contributor to this growth.

“The high levels of mobile and digital penetration, a large youth population, as well as active support from the governments in the Middle East, has created a favorable environment for the growth of esports in the region,” said Abdulrahman Kanafani, consulting partner at PwC Middle East.