Merak Capital and the Saudi Esports Federation have signed a strategic Memorandum of Understanding (MoU). The partnership aims to foster a dynamic, innovation-driven ecosystem that positions the Kingdom as a leading global hub for gaming and esports.
The MoU outlines wide-ranging collaboration across the gaming value chain. This includes launching training programs, facilitating international partnerships, participating in global events, and attracting top-tier gaming studios to establish operations within Saudi Arabia.
The agreement builds on the momentum of the $80 million Merak Gaming Fund, part of the broader Gaming and Esports Financing Programme. This initiative, launched by the National Development Fund (NDF) in collaboration with the Social Development Bank and the Saudi Esports Federation, is designed to catalyze growth in the sector through targeted investments.
“Our goal at the federation has always been clear, to nurture elite athletes while building a world-class industry," said Saudi Esports Federation CEO Rawan AlButairi. “Our partnership with Merak Capital accelerates that vision, providing the strategic investment needed to foster homegrown talent and transform innovative ideas into reality, building a lasting national economic legacy for our Kingdom and elevate its position as a global hub for gaming and esports.”
Since the inception of the fund, the NDF has played a pivotal role in enabling priority sectors like gaming to flourish, establishing a supportive financing ecosystem. The Merak Gaming Fund specifically focuses on empowering startups, scaling ventures, and supporting infrastructure development aligned with Vision 2030 goals.
Speaking on the partnership, Merak Capital founder and CEO Abdullah Altamami stated: “Our partnership with the Saudi Esports Federation marks an important step in supporting the goals of the National Gaming and Esports Strategy.”
Together, the two entities are committed to creating a sustainable and scalable framework for the gaming industry—one that nurtures innovation, generates employment, and contributes meaningfully to the Kingdom’s economic diversification efforts.
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