Saudi Arabia Wealth Fund (PIF) in Nintendo 8.58 percent share owner. According to news from Japan, the Saudi Arabian Wealth Fund aims to increase its effectiveness in the gaming and entertainment sector to save the country’s economy from oil dependence. To this end, it wants to increase its percentage with Nintendo.

Operating under the umbrella of PIF Smart gaming groupMohammed Bin Salman is the head of . It is stated that this organization is interested in Nintendo, but will not rush. On the other hand, Nintendo isn’t the only gaming company that the Saudi Arabian Wealth Fund has shown interest in.

Saudi Arabia is diversifying its gaming investments

Saudi Arabiamakes serious investments in areas such as games, art and sports to get rid of the oil-dependent economic model. The country, which made huge investments for the game, even planned to build a city specifically for this purpose. The fund, which does not only focus on facility construction, also wants to buy shares of companies such as EA. PIF had previously invested £840 million in Embracer Group.

Saudi Arabian wealth fund Capcom, Nexon, Nintendo, Take Two Interactive and Activision BlizzardHe also has shares in . The shares of the fund will be transferred to Savvy Gaming Group. Saudi Arabia too Esports Olympics, Overwatch Champions Series and OWCS He was also the host of the event.

What do you think of Saudi Arabia’s investments in the gaming industry? We await your comments.