Saudi Arabia has announced the launch of the e-sports World Cup, which will be held in Riyadh next summer.

Thank CTOnews.com netizens for the past, Mr. Aviation's clue delivery! CTOnews.com October 23, Saudi Crown Prince Mohamed bin Salman announced today that Saudi Arabia will launch the annual e-sports World Cup (Esports World Cup), the first of which will be held in Riyadh next summer.

According to the statement, clubs will compete in various types of games to become the ultimate e-sports World Cup champion. Officials say the event will help Saudi Arabia accelerate the realization of the national game and e-sports strategy.

The strategy aims to increase the contribution of the gaming and e-sports industries to Saudi gross domestic product by more than 50 billion Saudi riyals (CTOnews.com) and create 39000 new jobs by 2030.

Tuyuan Pexels in fact, sports, e-sports and games have always been part of the Saudi Crown Prince's transformation plan Vision 2030, and the government is investing hundreds of billions of dollars to diversify the kingdom's economy, thereby reducing dependence on oil.

Saudi Arabia's Savvy Games Group, owned by sovereign wealth fund PIF, said last year it would invest 1420 billion riyals to promote Saudi Arabia into a global gaming center.

Under the plan, the Kingdom aims to set up 250 gaming companies locally, create 39000 jobs and increase the industry's economic contribution to 50 billion rials by 2030.

"the e-sports World Cup is the natural next step for Saudi Arabia to become a major global center for games and e-sports, providing an unparalleled e-sports experience and driving the development of the industry."

Saudi officials added that the competition would help achieve the goal of Vision 2030 by promoting tourism, creating jobs and providing entertainment for residents and tourists.