In recent years, Saudi Arabia has shown a growing investment in technology and entertainment, partially in the interest of expanding on video games and eSports in the region. In late 2020, the Crown Prince Mohammed bin Salam bought a majority share in SNK, aiding SNK in financial stability, as well as Activision Blizzard, Take Two Interactive, and Electronic Arts.

Reported by Video Games Chronicle, Saudi Arabia's Public Investment Fund has purchased a 5% share in game companies Capcom and Nexon, for a total of 1 billion dollars combined. Nexon is a South Korean game publishing and development company that focuses on online service model games and RPGs. 

(Image: KonoSuba Fantastic Days, Nexon)  

Given the prices the Saudi Arabia PIF has put into these, these appear to be merely investment moves, and efforts of the Saudi government to not be as reliant on fossil fuels in a world that is rapidly evolving its market and investments in technology. The PIF's Savvy Gaming Group (SGG) has a goal to "become the leading national and international games and esports company". No doubt aiming to follow in the lines of Tencent, a multinational company based out of China who has expanded some of their influence and investments in many forms of entertainment.