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Saudi Arabi are officially set to host the world's largest eSports competition in 2024.
Saudi Arabia’s Crown Prince and Prime Minister Mohammed bin Salman bin Abdulaziz recently made a huge announcement that could change the prospects of eSports globally.
This week, the Saudi Crown Prince, who is the richest football club owner in the world announced a yearly eSports World Cup to be held in Riyadh, Saudi Arabia.
The eSports World Cup will be held annually starting in the summer of 2024 and will feature tournaments in several leading eSports titles ‘across all genres’.
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According to reports, the Saudi-owned event will supposedly feature the largest prize pool in esports history, although no amount was disclosed.
But it is expected to surpass the $45 million recently splashed out by the Saudi Esports Federation at Gamers8.
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According to reports, the event will be run by the Esports World Cup Foundation, a new government-founded non-profit organisation with a view to driving a collaboration between esports stakeholders and enhance the sector’s sustainability.
The eSports World Cup will replace Gamers8, the Saudi Esports Federation’s existing $45m (~£37.96m) esports festival in Riyadh, event organisers announced on social media.
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HRH Mohammed bin Salman bin Abdulaziz stated in a release:
“The Esports World Cup is the natural next step in Saudi Arabia’s journey to become the premier global hub for gaming and esports, offering an unmatched esports experience that pushes the boundaries of the industry.
“The competition will enhance our progress towards realising the Vision 2030 objectives of diversifying the economy, growing the tourism sector, creating new jobs in various industries, and providing world-class entertainment for citizens, residents, and visitors alike.”
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The titles to be included have not been announced but were described as including the most popular games in the world across all key genres.
Although, it is uncertain if FC 24 will be among the lineup following’s EA split from FIFA, who have previously stated that the FIFA video gaming series will continue despite the fallout.
In a release, the Saudi Crown Prince Mohamed bin Salman, stated the competition would help realise the country’s Vision 2030 objectives of diversifying its economy, growing the tourism sector and creating new jobs.
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According to Reuters, Saudi Arabia's Savvy Games Group, owned by sovereign wealth fund PIF, said last year it will invest 142 billion riyals ($37.8 billion) in initiatives aimed at making Saudi Arabia a global hub for gaming.
Under the plan, the kingdom aims to set up 250 games companies locally, which will create 39,000 jobs, and raise the sector's contribution to Saudi GDP to 50 billion riyals by 2030.
Following the eSports World Cup, there will be a ‘diversified set of activities and events’ that organisers say will draw visitors and tourists to Riyadh.
Saudi Arabia has recently embarked on a major government-led investment effort in esports.
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