Esports is the future of mainstream sports, says SEF chairman

Prince Faisal bin Bandar Al-Saud, chairman of the Saudi Esports Federation, emphasized the rapid growth of esports, noting that younger generations view gaming as an integral part of their lives. Screenshot
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Updated 30 October 2024
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Esports is the future of mainstream sports, says SEF chairman

  • Innovations in esports will soon become reality like the Olympics Esports Games, says Prince Faisal bin Bandar
  • Prince Faisal added that esports and traditional sports are getting ‘closer in spirit, in viewership, in participation, and in values’

RIYADH: Esports is emerging as “the mainstream sport of the future,” reflecting Saudi Arabia’s ambition to position itself as a global hub for the industry, according to a top official. 

Speaking during a panel at the Future Investment Initiative, Prince Faisal bin Bandar Al-Saud, chairman of the Saudi Esports Federation, emphasized the rapid growth of esports, noting that younger generations view gaming as an integral part of their lives, engaging as players, viewers, professionals, and coaches.  

“They’ve known esports from birth,” he said, contrasting their experience with that of older generations.   

Prince Faisal further added that esports and traditional sports are getting “closer in spirit, in viewership, in participation, and in values.”




Saudi Arabia is hosting the eighth edition of the Future Investment Initiative summit in Riyadh. AN/Abdulrahman bin Shalhuob

He stated that innovations in esports will soon become reality like the Olympics Esports Games.  

“When we talk about hours watched, you’re referring to over 100 million hours for the NFL (National Football League) and 50 million hours for the Olympics. In our recent event at the here in the Esports World Cup, we had 111 million hours watched, not including China. If you include China, that adds another 140 million hours, bringing the total to 250 million hours,” he said. 

Prince Faisal emphasized that Saudi Arabia’s strategy to become a global leader in gaming involves fostering collaboration between the public and private sectors, setting measurable goals, and uniting all stakeholders under a shared national vision.   




Saudi Arabia is hosting the eighth edition of the Future Investment Initiative summit in Riyadh. AN/Abdulrahman bin Shalhuob

“We want Saudi Arabia to be a natural part of the conversation,” he said, referring to established esports centers like Japan, South Korea, and the US. “When you think about a career path in this industry, you think about coming to Saudi as much as you think about going to any of those other countries.”  

According to him, the most important aspect of their efforts was launching a gaming and esports authority that would encompass the national strategy for gaming and esports. 

The Kingdom’s strategy includes creating a supportive regulatory environment, establishing key performance indicators to guide progress, and bringing all entities together under “Team Saudi.”   

This unified approach, according to Prince Faisal, will pave the way for Saudi Arabia to become a significant player in the global gaming landscape and make it a destination for talent and innovation in esports.  


Closing Bell: Saudi main market closes the week in red at 10,526 

Updated 25 December 2025
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Closing Bell: Saudi main market closes the week in red at 10,526 

RIYADH: Saudi equities ended Thursday’s session modestly lower, with the Tadawul All Share Index slipping 14.63 points, or 0.14 percent, to close at 10,526.09.    

The MSCI Tadawul 30 Index also declined 3.66 points, or 0.26 percent, to 1,389.66. In contrast, the parallel market outperformed, as Nomu jumped 237.72 points, or 1.02 percent, to close at 23,430.93.  

Market breadth on the main market remained tilted to the downside, with 156 stocks ending lower against 99 gainers.    

Trading activity eased further, with volumes reaching 80.46 million shares and total traded value amounting to SR1.66 billion ($442 million).    

On the movers’ board, Saudi Industrial Export Co. led the gainers, rising 6.6 percent to SR2.10, followed by Consolidated Grunenfelder Saady Holding Co., which advanced 6.43 percent to SR9.60.    

Raoom Trading Co. climbed 4.36 percent to SR61.05, while Astra Industrial Group gained 4.35 percent to close at SR139. Riyadh Cables Group Co. added 3.77 percent to end the session at SR135.00.    

On the downside, Methanol Chemicals Co. topped the losers’ list, falling 5.96 percent to SR7.41.  

Flynas Co. retreated 5.43 percent to SR61.00, while Leejam Sports Co. dropped 5 percent to close at SR100.80.    

Alramz Real Estate Co. slipped 4.64 percent to SR55.50, and Almasane Alkobra Mining Co. declined 4.55 percent to SR84.00.  

On the announcement front, ACWA Power said it has completed the financial close for the Ras Mohaisen First Water Desalination Co., a reverse osmosis desalination project with a capacity of up to 300,000 cubic meters per day, alongside associated potable water storage facilities totaling 600,000 cubic meters in Saudi Arabia’s Western Province.    

The project was financed through a consortium of local and international banks, with total funding of SR2.07 billion and a tenor of up to 29.5 years, while ACWA Power holds an effective 45 percent equity stake.  

Shares of ACWA Power ended the session at SR185.90, up SR0.2, or 0.11 percent.     

Meanwhile, Consolidated Grunenfelder Saady Holding Co. announced the sign-off of a customized solutions project with Saudi Aramco Nabors Drilling Co., valued at SR166.0 million excluding VAT.    

The 24-month contract covers the sale and maintenance of field camp facilities, with the financial impact expected to begin from the first quarter of 2026.