The gaming industry is still one of the world’s great growth sectors for investors
And it looks to stay that way for years to come. Industry money, from private equity investments to IPO’s and big-bank-backing to M&A’s have reached all-time highs. There’s so much investment capital in the industry now that even the Middle East and Africa are getting in on the action.
Although not typically known for digital technologies, the region is experiencing a gaming boom of its own. The Gulf Cooperation Council (GCC) expects the gaming industry to surpass $831 million by years end, for their region alone. It could become a localized billion-dollar industry by 2022.
And if the GCC has anything to say about it, the region could become a development and technology center for game developers and publishers worldwide.
With that said, the GCC is hosting the Digital Games Conference Middle East and Africa this week, From June 22 through the 24th.
Keynote speaker, Majed Al Suwaidi noted game sales grew 10% in the region last year. He said, “the gaming industry is skyrocketing. These figures indicate an influx of opportunities in the sector, and we can expect the technology used within gaming, such as augmented reality and virtual reality, to grow and spill over into other industries, too.”
Steve Arhanced, co-CEO of Team Liquid and Williuam Al Badeesh, publishing and marketing lead will also act as keynote speakers. Other speakers who have confirmed include reps from FaZe CLAN, Robocom VR and Saudi Esports Federation.
The gaming industry is indeed skyrocketing. The best investment opportunities for accredited investors may lay in smaller companies with unique or patented tech. Companies that offer buyout potential. Middle East money is looking at these types of opportunities, and so should you.
Learn more about the conference, HERE