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Global Trade Alert

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Saudi Arabia: Government authorities announce two venture funds worth USD 120 million supporting the local gaming sector

Description

On 5 March 2024, the Kingdom of Saudi Arabia announced an investment worth SAR 150 million (USD 40 million) by the National Development Fund (NDF) towards the gaming sector. The support is channelled ...

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Intervention Details

Intervention Type

Capital injection and equity stakes (including bailouts)

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

05 Mar 2024

Revocation date

No revocation date

Implementation level

NFI

Affected flow

Inward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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