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If you have been paying attention to the video game industry news related to the investments carried out by various funds, you will know very well that Saudi Arabia has bought quite a few shares in Nintendospecifically in 2022 5.01%. However, currently the Public Investment Fund (PIF) of Saudi Arabia owns 8.58% of the Nintendo holdingsa considerable amount considering its market capitalization.
However, everything indicates that the Saudi government is considering a new investment in Nintendoas confirmed by Faisal bin Bandar bin Sultan Al-Saud, vice president of the Public Investment Fund, in an interview with Kyodo News. “It is important to maintain communication to reach a successful conclusion. We don’t want to rush“, he indicates. He previously noted that “there are always opportunities” with Nintendo to continue investing, although it is currently unknown when their next move will be.
Saudi Arabia’s objective with its investments
It must be remembered that Saudi Arabia has made more investments in other areas, such as sports, theme parks and other entertainment media, according to reports from VGC. What is evident is that the Saudi country has used the PIF as a key instrument to position yourself in markets that can grow in the coming years, such as video games. This sector is part of the Saudi Arabia’s long-term plan to expand its influence in creative and technological industries.
In the field of video games we have to go back to 2020 when Saudi Arabia acquired more than 3 billion dollars in shares from very important companies such as Activision Blizzard, Take-Two Interactive and Electronic Arts. More than a year ago we informed you that The Saudi government has 38 billion dollars to become the next great video game development center in the world, and that also involves investing in Nintendo.
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