Saudi Esports Federation Partners With Merak Capital To Strengthen Gaming Ecosystem In Saudi Arabia

The Saudi Esports Federation (SEF) and Merak Capital have formalised a strategic Memorandum of Understanding (MoU). This agreement aims to boost the gaming and esports sector in Saudi Arabia, aligning with the goals of Saudi Vision 2030 and the National Gaming and Esports Strategy. The collaboration underscores SEF's leadership in the industry both locally and globally, while Merak Capital commits to investing in promising tech companies.

The partnership is designed to foster talent, support startups, and drive innovation within the Kingdom. It builds on initiatives from the Merak Gaming Fund, an $80 million investment fund under the Gaming and Esports Sector Financing Program. This program is managed by the National Development Fund in cooperation with the Social Development Bank and SEF. The fund plays a crucial role in achieving the objectives of the National Gaming and Esports Strategy.

The Merak Gaming Fund is pivotal for investment and innovation, enhancing strategic cooperation. It supports startup growth and flagship projects, reinforcing Saudi Arabia's position as a regional leader in digital entertainment. This aligns with Saudi Vision 2030's goals for economic development. The National Development Fund oversees support for promising sectors like gaming through an integrated development financing system.

Rawan AlButairi, CEO of SEF, highlighted that SEF’s vision is to create world champions and build a globally competitive sector. "This partnership accelerates the achievement of that vision through a qualitative investment that empowers national talent and transforms ideas and plans into tangible projects," she stated. AlButairi noted it contributes to building a sustainable national economic legacy.

Abdullah Al-Tamami, Founder and CEO of Merak Capital, described this partnership as vital for supporting the National Gaming and Esports Strategy's objectives. He stressed that joining forces with SEF will empower Saudi entrepreneurs and developers while strengthening the Kingdom’s global presence in gaming.

The MoU also opens new opportunities across the gaming value chain. It includes developing training programs, professional certificates, enhancing international partnerships, and supporting Saudi participation in global events. The focus is on attracting international gaming companies to Saudi Arabia, aiding knowledge transfer and local capacity building.

Global Leadership

This collaboration between SEF and Merak Capital aims to establish a sustainable ecosystem that drives innovation. It seeks to create new economic opportunities while advancing Saudi Arabia’s leadership in global gaming and esports industries.

With inputs from SPA