PIF-backed Savvy Gaming completed an $265m investment in Tencent-backed VSPO.

PIF-backed Savvy Gaming, a gaming company, completed an $265m investment in Tencent-backed VSPO, an e-sport company. “We envision a thriving global esports sector with a vibrant, talented and dynamic community at its core, and we appreciate the immense opportunities for this industry, especially here in the Kingdom of Saudi Arabia with such a young population of approximately 23 million enthusiasts. This investment is one part of the ambitious plan that will enable and support the esports ecosystem in Saudi Arabia. Attracting international companies to Saudi Arabia through investments and partnerships will contribute to providing skills, knowledge transfer and building capabilities in the whole ecosystem,” Faisal bin Bandar bin Sultan Al Saud, Savvy Games Group Vice Chairman.