DUBAI: Tokyo-based GLOE Inc. has signed a memorandum of understanding with Hawk Gaming Group, a Saudi gaming and esports company.

This partnership is designed to foster the growth and expansion of the gaming and esports industries in both Saudi Arabia and Japan.

Through its Vision 2030 initiative, Saudi Arabia has strategically positioned itself as a global leader in these sectors, making substantial investments in entertainment.

As part of this effort, the National Gaming and Esports Strategy, introduced in 2022 by Crown Prince Mohammed bin Salman, aims to establish the sector as a key driver of the national economy.

Hawk Gaming Group chairman and CEO Turki Faisal said: “Gamers are the driving force behind future economies. They are the center of innovation, culture, and growth. Through our partnership with GLOE, we aim to unlock the full potential of Japan’s world-class content and talent, not only within Saudi Arabia but on a global scale. Together, we’ll create new economic opportunities, strengthen industry connections, and contribute to realizing Vision 2030.”

In 2023, Saudi Arabia’s gaming industry generated approximately $7.2 billion in revenue, with 23.5 million active gamers. The country is also preparing to host its inaugural Olympic Esports Games in Riyadh in 2027. By 2030, the Saudi esports sector is projected to contribute $13.3 billion to the nation’s gross domestic product and create 39,000 new jobs.

According to a press release from GLOE Inc., Hawk Gaming Group is leading the charge in this transformative movement, providing cutting-edge solutions in game development, esports infrastructure, AI applications, and talent development and scouting.

The recently signed memorandum of understanding between GLOE and Hawk Gaming Group outlines a collaboration focused on leveraging the strengths of both nations, ranging from intellectual property and human resources to business opportunities.

Akihito Furusawa, GLOE Inc.’s co-CEO, said: “While Japan has a wealth of exceptional game content, localization and cultural adaptation in the Middle East have been limited.

“With global interest in Saudi Arabia’s esports scene at an all-time high, this is the perfect opportunity to bring Japanese games to the region. Together with Hawk Gaming Group, we will promote and expand Japanese gaming content across the Middle East.”