Global Trade Alert
Global Trade Alert

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

Announcement

05 Mar 2024

In March 2024, the Saudi authorities announced funding towards the gaming sector with a commitment of USD 120 million.

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Number of interventions

2

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

05 Mar 2024

Revocation date:

No revocation date

Updated: 05 Mar 2024
Capital injection and equity stakes (including bailouts) In force

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 channell...

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Updated: 05 Mar 2024
Capital injection and equity stakes (including bailouts) In force

On 5 March 2024, the Kingdom of Saudi Arabia announced an investment worth SAR 300 million (USD 80 million) by the National Development Fund (NDF) towards the gaming sector. The support is channell...

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