DUBAI: From a brand new facility in Dubai, young gamers are hosting virtual regional eSports competitions sponsored by global brands as they shoot to become major players in the multi-billion-dollar industry.
Indian expat Saad Khan said he realized there was “huge opportunity” in promoting eSports in the region four years ago, when he saw people crowding into rapidly sprouting cybercafes in Dubai, one of the UAE’s seven emirates.
That’s when Khan, who has a strong background in technology, decided to found Gamers Hub Media Events (GHME) to host e-Sports tournaments in the Middle East and North Africa.
“We’re here for the gamers, we are here for our sponsors, and we are here to give the best experience possible,” said 45-year-old Khan, who is CEO of the company.
In an effort to diversify its oil-dependent economy and boost its soft power, the United Arab Emirates and its legion of young expats have in recent years jumped into a range of sectors, including sports and technology.
The global games and interactive media industry grew 12 percent to $139.9 billion last year, according to US-based data analytics company Nielsen.
Meanwhile in the Gulf, the gaming market is expected to reach $821 million this year, with the UAE and Saudi Arabia the biggest players, according to consulting firm Strategy&.
“There’s a huge sponsorship value that has increased ... the number of gamers has increased, and I’m also seeing a lot of teams being formed, which was not happening before,” said Khan, who declined to disclose GHME’s profits.
The company has partnerships with Intel, Dell Alienware, Lenovo Legion and Omen by HP, and last year it landed a deal with German luxury automaker BMW, which sponsors gaming tournaments in the region.
And GHME is set to expand its reach further, opening offices in Spain, India, and South Africa.
For Ghazi Beydoun, a gaming enthusiast heading business development at GHME, the future of eSports in the Middle East is promising, with major talent emerging in Lebanon, Jordan, Egypt, Saudi Arabia and the UAE.
“We have a lot of players here with a lot of talent that are lacking support, but this support is now coming,” the 29-year-old Lebanese expat told AFP.
“Little by little, a gaming ecosystem is forming and will improve and grow.”
Dubai-based company Boss Bunny Games is now part of that “ecosystem,” with plans to launch what the UAE says is the first video game inspired by Gulf culture.
Set for release later this year, the game will feature Emirati characters from the popular local children’s cartoon “Freej,” which revolves around four old Emirati women in full traditional dress, living in modern-day Dubai.
“It’s 100 percent a private initiative, but we do have massive support from the government,” said Geraint Bungay, CEO of Boss Bunny Games.
The British expat, with 25 years’ experience in the industry, said he co-founded the company in Dubai because of the emirate’s thirst for technology, its international engineers and proximity to major game consumer Saudi Arabia.
“Saudi is the number five market in the world for games in terms of revenue, so it’s absolutely a huge market,” Bungay told AFP.
“A lot of people... don’t realize the size of the games market in the region at all.”
According to Robert Mogielnicki from the Arab Gulf States Institute in Washington, Gulf countries’ appetite for eSports is part of a more general push for “home-grown industries” and “greater self-sufficiency.”
“eSports and other gaming industries provide new platforms for Gulf Arab governments and companies to reach global audiences,” he told AFP.
“This is about more than just entertaining young people; it has to do with depicting Gulf societies as thriving and creative hubs worthy of an expansive global audience.”
Gulf gamers want in on multi-billion-dollar industry
https://arab.news/4rv9v
Gulf gamers want in on multi-billion-dollar industry
- Global gaming grew 12 percent to $139.9 billion last year
- Saudi Arabia and UAE biggest regional markets
Closing Bell: Saudi equity markets end year in green at 10,491
RIYADH: Saudi equities ended Wednesday’s session higher, with the Tadawul All Share Index rising 109.18 points, or 1.05 percent, to close at 10,490.69, supported by broad-based buying across the main market.
Gains were mirrored in the blue-chip MT30 index, which added 9.31 points, or 0.68 percent, to finish at 1,387.31. The Nomu Parallel Market also advanced, climbing 255.5 points, or 1.11 percent, to close at 23,296.29.
Market breadth was firmly positive, with 249 gainers versus just 12 losers on the main market, with SR3.2 billion ($854.2 million) in trade value.
Among the top gainers, United Cooperative Assurance Co. surged 9.73 percent to close at SR3.72, while Saudi Industrial Export Co. rose 9.18 percent to SR2.26.
Al Gassim Investment Holding Co. advanced 8.25 percent to SR16.40, and Abdullah Saad Mohammed Abo Moati for Bookstores Co. gained 7.73 percent to end at SR46.
Gulf General Cooperative Insurance Co. also posted strong gains, closing up 7.67 percent at SR3.93.
On the downside, Naseej International Trading Co. led the declines, falling 5.87 percent to SR35.30.
SEDCO Capital REIT Fund edged down 1.03 percent to SR6.70, while Saudi Tadawul Group Holding Co. slipped 0.78 percent to SR140.30.
Banque Saudi Fransi declined 0.77 percent to SR16.82, and Saudi Co. for Hardware closed 0.76 percent lower at SR25.96.
On the corporate front, Catrion Catering Holding Co. said it signed a sale and purchase agreement to acquire a 55 percent stake in Al Khaleejah Catering Co., with an option to buy an additional 15 percent within three years.
The transaction values the acquisition at up to SR 40.86 million, comprising an initial cash payment of SR315.21 million and performance-based earn-out payments of up to SR125.65 million, subject to the achievement of specified financial targets.
The acquisition will be financed through internal funding sources and Shariah-compliant banking facilities and is expected to support Catrion’s expansion strategy in the aviation and catering services sector, with a positive financial impact anticipated by the end of the second quarter of 2026.
Catrion Catering Holding Co. closed Wednesday’s session at SR80.35, up SR3.35, representing a 4.35 percent gain
Purity for Information Technology Co. announced the signing of a contract with the Social Development Bank to provide managed cloud system services.
The contract is valued at SR6.92 million, including VAT, and will run for a duration of 36 months.
Under the agreement, Purity will deliver managed cloud services aimed at enhancing system reliability, service availability, and overall operational continuity.
The financial impact of the contract is expected to be reflected in the company’s financial results for the 2025–2026 fiscal year.
Purity for Information Technology Co. ended the session at SR20.99, rising SR0.54, or 2.64 percent.










