Why women’s sport is top of the table for search

Looking at data from 2023, out of 55 sporting properties, it’s women’s sport which is dominating what the public are looking for online. David Granger finds out why.

We’re keen to measure everything in sport from prize money to pole position time. But measurement of a sport’s popularity, and its potential for investment, is a more complex proposition.

Which is why Redtorch’s SportOnSearch is such an ingenious way of comparing the brand health of different, disparate sporting entities.

Tracking how many people are actively searching online for a sport means the myriad influences on their decision come into play.

Redtorch, a research, content and creative agency based in London and Lausanne, defines brand as “the sum of everything associated with a product – other than the product itself.” For SportOnSearch, they track every sports property, via Google Trends, web search and YouTube search from 2023 – and compares each with the previous four-year average.

Their top findings? The six sports with the biggest increase in search during 2023 were:

  1. Barclay’s Women’s Super League + 258%
  2. Major League Soccer +87%
  3. Diamond League +85%
  4. EuroLeague Women +76%
  5. UEFA Women’s Champion League +70%
  6. Women’s Six Nations Champion

Of the 55 properties included in the 2023 findings three were football, while four were women’s sport (Including three women’s soccer).

But were there any surprises further down the list? Jess Reus, Redtorch’s Head of Communications & Women’s Sport Lead said: “The WWE (World Wrestling Entertainment) made a significant leap in search increase (+21%), which suggests a growing global interest in wrestling entertainment. 

“Plus, changes in motorsports: Formula 1’s drop in search interest (-11%) came as a surprise given its global fanbase and the significant investments in marketing and digital engagement the sport has been making.”

Women’s soccer has benefited from several factors: major tournaments meant an increase in visibility thanks to media coverage and financial investments. The result is an inspiration for the next generation of girls playing and a break down in the existing bias.

As Jess said: “The future is looking bright for women’s sport, which means potential for increased investment, sponsorship and media coverage.   

“The great thing about women’s sport being recognised and being invested is: potential for increased participation, and potential for increased sport programmes. From a wider viewpoint, seeing this increased interest in women’s sport reflects more societal shifts in gender equality and diversity.”

As well as football, women’s rugby, basketball tennis and golf all saw marked increases in interest – and the trend shows no sign of lessening. The ongoing momentum suggests a strong trajectory towards further prominence of women’s sport. 

Following closely behind the rise in interest in women’s sport is football. And not just in Europe. There was a marked increase in Major League Soccer in the US (+87%) no doubt thanks in part to players such as Messi crossing the Atlantic to join Inter Miami. 

But how will the increased interest affect those connected to women’s sport?

For rightsholders, increased viewership, ticket sales, and merchandise revenue could lead to greater opportunities for broadcasting and sponsorship deals.  And attract additional investment in infrastructure, facilities, and marketing initiatives, enhancing the quality and appeal of women’s sports events.

For sponsors, their brand image could be enhanced and reach a more diverse audience capitalising on forming partnerships with athletes, teams, and leagues. By investing in women’s sports, sponsors not only demonstrate their commitment to gender equality but also gain access to a loyal and engaged fan base.


Jess said: “Increased interest in women’s sports can lead to greater recognition, endorsement opportunities, and financial rewards for athletes. This could be seen through improvements in pay, prize money, and sponsorship deals and event investment into grassroots participation or talent programmes.”

You can download the full Redtorch SportOnSearch report here.

David Granger has worked in sports marketing for 20 years. He’s an advisory board member for Medialake.AI and a director at Arc & Foundry Creative.

FIS teams up with Endeavor Streaming to deliver its global integrated streaming solution

FIS has teamed up with Endeavor Streaming to deliver its global integrated streaming solution, FIS TV, and help its member associations, athletes, organizers and commercial partners to reach winter sport fans worldwide.

Since launching in August 2023, FIS TV has streamed over 38,000 hours of content for free to winter sport fans, including bringing FIS World Cup competitions to new markets which don’t have an existing broadcast partner and delivering FIS Junior World Ski Championships to global audiences. The service will launch across Apple TV and Android TV devices ahead of the Audi FIS Alpine World Cup Finals in Saalbach (AUT) to provide a seamless big-screen viewing experience to fans.

Additionally, FIS TV offers a diverse content catalogue of competition highlights, winning runs and jumps, as well as the original series “This is #FIS100 – Stories from the love of snow sports”. FIS TV is also designed to provide additional services and support for FIS’ 140 member associations.

FIS TV is powered by Endeavor Streaming’s Vesper platform, a complete end-to-end streaming solution that enables clubs and rightsholders to build upon and deliver memorable direct-to-consumer streaming experiences for their fans. FIS TV is available for free on the web at watch.fis-ski.com, and via the FIS app on Android and iOS mobile devices, as well as Apple TV and Android TV devices.

The launch leverages Endeavor Streaming’s experience in delivering innovative direct-to-consumer streaming offerings for some of the world’s biggest sporting clubs and leagues, including EuroLeague, WNBA, Tottenham Hotspur FC, World Rugby, Union of European Football Association (UEFA), and the National Women’s Soccer League (NWSL).

“Obstacle promises to ignite a passion for Modern Pentathlon in a new generation of athletes”

iSportConnect’s Taruka Srivastav spoke with Union Internationale de Pentathlon Moderne (UIPM) President Dr. Klaus Schormann on the upcoming Paris Olympics, launch of Obstacle and being at the helm of a sporting organisation for past 30 years.

You have been in this role for more than 30 years now. What has the journey been like? 

Leading one of the oldest Olympic sports for more than 30 years fills me with immense pride.  Guiding its constant evolution over the past three decades has been truly special. 

Since my initial election as UIPM Vice President for Marketing and Publications in 1988, followed by becoming UIPM President in 1993, I’ve been involved in the Union’s leadership for 35 of its 75 years. During this time, the number of National Federations has grown significantly, from 63 in 1993 to over 130 today. 

The outstanding teamwork within the UIPM Executive Board, Committees, Commissions, and working groups has been instrumental in transforming UIPM into a dynamic International Federation.  We remain committed to the Olympic Movement’s guidance, with a focus on both present and future generations. 

What are the challenges you had to overcome?

Over the past 30 years as President, the constant evolution of Modern Pentathlon has presented both motivation and its share of challenges. From the introduction of laser pistols at the first-ever Youth Olympic Games in Singapore in 2010, to the creation of a 90-minute format that will be a compelling showpiece featuring all five disciplines at the Olympic Games Paris 2024, we’ve embraced change, even when navigating the challenges of implementation.

However, the biggest milestone in the history of our sport came in October 2023, with the confirmation that Modern Pentathlon, including the new Obstacle discipline, would be featured on the programme of the Los Angeles 2028 Olympic Games. Securing this spot after discussions and considerations by the International Olympic Committee presented a significant challenge, but one that ultimately led us into a new era for the sport.

What are the expectations for Paris and then LA28?

With the Paris 2024 Games just over 100 days away, our Union is filled with energy and excitement. Paris 2024 represents the pinnacle event of the year for Modern Pentathlon. We are honoured to host our new 90-minute format at the iconic Palace of Versailles – a stunning location reflecting both the beauty and culture of France and its history.

In the home of Baron Pierre de Coubertin, we are all excited to give our Riding discipline the best possible-send off.  Our collaboration with the Paris 2028 Organising Committee has been exceptional, and I extend my deepest gratitude to their team for all their support and efforts.

As we close one incredible chapter with Riding in Paris, we’re thrilled to open a new one in Los Angeles 2028. The youthful, urban, and highly accessible sport of Obstacle promises to ignite a passion for Modern Pentathlon in a new generation of athletes. This milestone will propel our sport to new heights, attracting a new global audience of fans. 

How do you think the inclusion of Obstacle will make the sport more marketable?

This landmark decision will propel our sport into entirely new markets. Imagine the broadcast potential with a sport as globally popular as Ninja Warrior and SASUKE. Industry research shows there is a concerning trend among young people: 70% of 13–37-year-olds no longer prioritise watching sports live. They favour consuming short highlight reels on social media.  

Therefore, the idea of 30-second highlight clips of a head-to-head obstacle sprint race is incredibly exciting because we know that by engaging Generation Z, potential sponsors will have the opportunity to be seen by hundreds of millions on platforms like TikTok and Instagram.

What makes modern pentathlon attractive to sponsors?

Obstacle’s inclusion unlocks a game-changing opportunity for our sport. Youngsters in parks and playgrounds worldwide can now dream of competing at future UIPM World Championships or even the Olympic Games.

Obstacle’s affordability, safety, and global accessibility mirror successful sports like athletics and swimming, making it an ideal foundation for youth sports participation. 

By connecting with millions of young people and a growing urban sport community, Obstacle creates a huge potential audience for sponsors, opening doors to exciting and innovative new partnerships.

Moreover, our new-look sport allows UIPM to improve its environmental, social, and governance (ESG) ratings by reducing its carbon footprint for competitions and training. This is achieved through the use of existing obstacle facilities and by ensuring new facilities are built for permanent access and future reuse.

Combine this with single elimination in fencing and the spectator-friendly and fast-paced event of laser run, and the overall package is incredibly compelling.

Forex Sports Awards 2024 honoring excellence in sports sponsorship

The Forex Sports Awards 2024 honor excellence in sports sponsorship. Over $1 Billion has been invested by online trading brands into sports sponsorships. Deals have been inked in football, motorsports, with brand ambassadors and many other sporting disciplines. 

There are thirteen Awards categories.

Voting is now open https://forexsportsawards.com/categories/

The voting closes at 5pm CET on 19April 2024 and the top three voted nominees per category will be announced to the shortlist on 22 April 2024. A panel of judges will decide the winner of each shortlisted category https://forexsportsawards.com/shortlist/

On 6 May 2024, the winners from each category as selected by the judging panel will be announced at https://forexsportsawards.com/winners/

Each winner will receive a personally engraved Forex Sports Awards trophy which has been especially designed and produced by Crystal Corporation in Dubai. The trophy construction is of high-quality crystal glass and based on a stadium floodlight design which literally shines its light on the achievement of each winner.  

Co-Founder of the Forex Sports Awards, Stephen Pearson commented “We created these awards to honor excellence, and to recognize the achievements of brands in the forex trading industry based on their considerable investments into sports sponsorship over the last few years.

We thank all of our sponsors and partners who include https://www.mediaagencygroup.com , https://sportsmediagaming.com https://www.isportconnect.com , https://champions-homes.com and https://crystalcorp.com

Contact for further information

Founder           Stephen Pearson

Email                info@forexsportsawards.com 

JP Morgan Chase creates a sports-focused investment group

Global financial services firm JPMorgan Chase has set up a new sports-focused investment banking team as the Wall Street bank seeks to tap the increasingly attractive industry, as per an internal memo seen by Reuters.

The bank has created a new “sports investment banking coverage group” to offer advisory and financing solutions for activities like investing in sports franchises to clients globally.

“Sports has become an increasingly large asset class, attracting more and more institutional investors,” Fred Turpin, global head of media and communications investment banking, said in the memo.

Eric Menell and Gian Piero Sammartano will co-lead the new investment banking team and report to Turpin. Sammartano will maintain his local reporting line in to Burkhard Koep, the head of Telecoms and Media EMEA.

Red Bull’s Crisis becomes F1’s main event

In this week’s Member Insights piece, David Alexander, founder and MD of Calacus PR spotlights the crisis communication in F1.

The controversial first title win for Max Verstappen at the 2021 Abu Dhabi Grand Prix was a watershed moment for Formula One. 

The Belgian has dominated the competition since then, securing three Drivers’ Championships and 29 out of the past 34 races since mid-2022.

Literally and figuratively, Red Bull is a well-oiled machine, with the company thriving on the track and tightly controlling what information is released into the public domain.

That approach has been threatened since early February, when news broke that Red Bull was undertaking an internal investigation into allegations of ‘inappropriate, controlling behaviour’ by Team Principal Christian Horner.

Horner is something of a pantomime villain in Formula One, unafraid to push technical boundaries and happy to clash with his rivals in search of success.

While acknowledging that an investigation was going on, Red Bull failed to follow a basic rule of crisis communications – do not leave a large information void that can be filled by third parties, lead to speculation and ultimately make the situation worse.

It took two weeks for Formula One and governing body the FIA to make statements, which said little other than that they would be monitoring developments, while Ford, who will become Red Bull’s engine partner in 2026, were more assertive in their demands for a prompt resolution.

In a letter to the Red Bull team, CEO Jim Farley expressed his displeasure with “the unresolved allegations of inappropriate behaviour by Red Bull Racing leadership.”

He said: “As we have indicated previously, without satisfactory response, Ford’s values are non-negotiable. It is imperative that our racing partners share and demonstrate a genuine commitment to those same values. My team and I are available at any time to discuss this matter. We remain insistent on, and hopeful, for a resolution we can all stand behind.”

On the eve of the new F1 season, Red Bull’s investigation dismissed the case against Horner and said in a statement: “The investigation report is confidential and contains the private information of the parties and third parties who assisted in the investigation, and therefore we will not be commenting further out of respect for all concerned. Red Bull will continue striving to meet the highest workplace standards.”

No details of the inquiry were made public, about the process, the legal team nor Horner’s defence and none of the investigation’s conclusions or recommendations were forthcoming.

For such a high-profile case to lack transparency inevitably gave rise to accusations of a whitewash aimed at moving on as swiftly as possible, when all the pithy statements did were raise more questions than were answered.

If Red Bull thought that the new Formula One season would see the investigation forgotten about as fans and media moved on, they were very much mistaken.

After the investigation, an anonymous whistleblower leaked a file of unverified emails, images and messages, purported to be from Horner to a female third party, to a wide range of media, Formula One, the FIA, and the sport’s nine other team leaders.

Horner, having previously refused to comment beyond protesting his innocence and confidence that the investigation would confirm as much, went on the offensive.

He said: “The only reason this has gained so much attention is because of the leakage and the attention that there has been drawn in the media. What has happened then after that is that others have looked to take advantage of it. F1 is a competitive business and elements have looked to benefit from it and that is perhaps the not so pretty side of out industry.”

Could Horner expect his rivals to remain silent, when he as previously been so forthright about other issues that have arisen? And do other team principals such as Mercedes’ Toto Wolff and the McLaren CEO Zak Brown not have a right to comment, particularly given that the tawdry episode has dragged their sport into the gutter?

No wonder that they have urged more transparency, while Formula One and the FIA have requested to see the findings of the investigation.

What the crisis also exposed was the fractious divisions within Red Bull which threaten to hinder its dominance just when it looked as if an era of supremacy was inevitable.

Red Bull founder Dietrich Mateschitz, who died last year, left his 49% share to his family, while Thai pharmacist Chaleo Yoovidhya owns a controlling 51%, with Horner’s future very much a point of conflict between them.

Yoovidhya backs Horner, no doubt convinced by the Englishman’s track record of building a dominant race team that he has led since 2005, while Mateschitz’s family are said to want him out. 

Matters took another turn when Red Bull’s long-term special adviser Helmut Marko, known for his indiscretion towards media and other Formula One stakeholders, came under the spotlight with initial reports suggesting he may be suspended.

That triggered emphatic vocal support from ally Max Verstappen, who warned that his future was closely linked with that of Marko.

After qualifying, Verstappen was asked what he thought about the threats to Marko and responded: “My loyalty to [Marko] is very big. It’s very important that he stays within the team. If such an important pillar falls away, that’s not good for my situation as well. So, for me, Helmut has to stay, for sure.”

Not only was that a clear threat to the Red Bull senior leadership, it was also in stark contrast to Verstappen’s carefully worded answer when asked about Horner’s position.

Whether he was speaking as a proxy for his son or not, Jos Verstappen then made it clear that he saw Horner’s position as untenable, that the Horner controversy was “driving people apart” and that the team would “explode” if their principal remained.

“In the press conference Horner gave the other day it was all about him and his problems when we should be talking about Max, the car, his performance and the race. I’ve already said I think it is causing problems if he stays.

“There is tension here while he remains in position. The team is in danger of being torn apart. It can’t go on the way it is. It will explode. He is playing the victim, when he is the one causing the problems.

“I think it’s too late for Christian to say ‘leave me alone’ but he has the support of the Thai owner so I think he will stay for the rest of the season. I said it would bad if he stayed, it really isn’t good for the team, this whole situation.

“But the most important thing for me is that Max is happy. That’s what counts for me. I just want him to be happy.”

It can’t have helped Red Bull fans that Verstappen was linked with a move to Mercedes amid the in-fighting within the team, with Horner admitting that they could not force an unhappy driver to remain regardless of a long contract.

To make matters worse for Red Bull, they chose International Women’s Day to suspend the woman at the centre of the controversy, with the team again offering no detail for the grounds of her suspension. 

Could there be a more effective way to remind women in motor sport that they need to stay in their lane? 

Unsurprisingly, the accuser then lodged an official complaint about Horner’s behaviour with the FIA’s ethics committee, which the BBC reported was not the first complaint made to the governing body amid concerns that Red Bull might try to cover the story up.

It was left to Lewis Hamilton, who has urged more diversity and better governance within the sport, to underline the problems the Horner crisis has caused.

He said: “As someone who loves the sport it’s definitely disappointing to see what’s going on right now. I think transparency is really key and I’m really, really hoping to see some progress moving forwards. 

“We always have to do more to try to make the sport and the environment people work in feel safe and inclusive. It will be really interesting to see how it’s dealt with in terms of the effect it may or may not have on the sport moving forwards. It’s a really important moment for the sport to make sure that we stand true to our values.”

The information vacuum, coupled with a lack of leadership from the sport’s governance serves as a stark reminder of the fragility of reputation in top-level sport and Red Bull’s apparent lack of preparation for an internal issue when it has previously been readied for external issues combat.

The lack of transparency and suspension of the complainant have shown a lack of awareness, and a somewhat tone-deaf strategy that has raised questions about the team’s integrity and damaged Red Bull’s reputation with its partners and fans which extends way beyond motorsport.

Click here to know more about Calacus Sports PR.

AFCON 2023: A Data-Driven Masterclass Unveiling Africa’s Booming Football Market for Sports Business Executives

In this week’s View From Africa piece Cynthia Mumbo, CEO of SportsConnect Africa pens takeaway from AFCON 2023.

The echoes of a captivating Africa Cup of Nations (AFCON) 2023 in Cote d’Ivoire are still resonating, leaving behind not just memories of thrilling matches, but a treasure trove of data that speaks volumes to sports business executives around the globe. This data unveils a dynamic and rapidly growing African football market, brimming with potential for savvy investors and brands.

Let’s delve into the heart of the matter – the impressive statistics released by CAF:

  • Digital Domination Redefined: Get ready to be amazed. AFCON 2023 witnessed a colossal 2.2 billion video views across all digital platforms, a monumental leap from the 350 million views recorded in 2021. This translates to a staggering 657% increase, showcasing the immense growth of the African digital audience.
  • Social Media Mania: The influence of social media cannot be overstated. AFCON 2023 generated a remarkable 2.1 billion impressions across all platforms, highlighting the power of social media engagement. This presents a golden opportunity for brands to build awareness and connect with a passionate fanbase.

A Windfall for Sponsors:

  • Commercial Boom: The message is undeniable – sponsors are taking notice. AFCON 2023 secured a remarkable 26% increase in commercial revenue compared to 2021. This significant growth signifies a maturing market ripe for brand investment. For sports business executives, this translates to lucrative sponsorship opportunities within a highly engaged fanbase of over 1.2 million match attendees.
  • Ticketing Triumph: The excitement wasn’t limited to the digital sphere. AFCON 2023 witnessed a staggering 800% increase in ticketing revenue, a testament to the unwavering passion of African football fans. This presents a unique opportunity for rights holders to explore innovative ticketing models and maximize revenue streams.
  • Sponsor Surge: The number of sponsors has witnessed a healthy 65% rise, jumping from 10 in 2021 to an impressive 17 in 2023. This influx of brands further validates the growing commercial appeal of AFCON.

Reaching New Heights with TV:

  • Broadcast Bonanza: While audience figures aren’t available, a significant 33% year-on-year rise in TV revenue paints a promising picture. This viewership growth is further amplified by a staggering 65% increase in the number of territories broadcasting the games. New heavyweights like BBC, CANAL+, and Sky Sports joining the roster signify a global expansion of the AFCON fanbase. This presents a unique opportunity to tap into new markets and maximize viewership.
  • Partnerships Proliferate: The number of TV partners has skyrocketed by 65%, growing from 68 to an impressive 110. This signifies a growing interest from broadcasters around the world, eager to capitalize on the rising popularity of African football. With 41 free-to-air broadcasters reaching 171 territories (a 15% increase from 2021), AFCON is ensuring accessibility for fans across the continent and beyond.

Digital Revolution Takes Center Stage:

  • OTT Streaming Soars: The data confirms a phenomenal 90% increase in content streamed on Over-the-Top (OTT) platforms compared to AFCON 2021. This trend aligns perfectly with global viewing habits, where fans crave flexible and personalized experiences. Sports business executives would be wise to consider strategic partnerships with OTT platforms to reach this growing audience segment.
  • Website Traffic on the Rise: CAF’s online presence mirrored the overall success. Website traffic surged to a whopping 8 million page views, with a remarkable 2.6 million new users joining the CAF store. This digital upswing presents a lucrative opportunity for brands to leverage CAF’s online platforms for targeted marketing campaigns.

A Gateway to a Lucrative Market

AFCON 2023 has been a resounding success story, both on and off the pitch. The data presented is a compelling argument for sports business executives. Africa boasts a passionate and rapidly growing football market, fueled by a young and tech-savvy demographic. With strategic investments in digital platforms, OTT streaming, and innovative social media engagement, AFCON can become a global phenomenon.

This is an opportune moment for sports business executives to seize the initiative. By understanding the evolving African football landscape and its fans’ preferences, brands can establish themselves as key players within this dynamic market. The future of African football is undeniably bright, and AFCON is its sparkling crown jewel. Don’t miss out on the opportunity to be

ECB extends Vitality partner for three years

The England and Wales Cricket Board (ECB) and Vitality have announced the extension and expansion of their partnership for a further three years.

The announcement will see health and life insurer, Vitality, continue to be the title partner of Men’s and Women’s International T20s, the T20 Blast and recreational T20 cricket, alongside it being the Official Wellness Partner of The Hundred and Test cricket. Vitality branding will continue to be on all The Hundred players’ back of shirt and training wear.

The announcement also sees the current partnership expanded, to include title sponsorship of the Vitality County Championship in 2024.

The partnership reflects Vitality’s core purpose to make people healthier and to enhance and protect their lives and further builds on the insurer’s support of cricket, with the aim of inspiring many more men and women to take up or return to the game, and promote healthy and active lifestyles at all levels.

Alex Perkins, Commercial Director at the ECB said, “We are delighted to renew our partnership with Vitality, who has provided long-standing support for cricket in England and Wales since 2013. The extension of the partnership will see Vitality deepen its commitment to the sport, whilst also continuing to raise awareness of the importance of leading healthy and active lifestyles, as Official Wellness Partner across all formats of the game. We look forward to working closely with Vitality in the years to come.”

Vitality’s CEO, Neville Koopowitz said, “We’re delighted to announce this expansion of our partnership with the ECB today, to further support cricket at all levels and increase visibility of both the men’s and women’s game.

“Through this partnership we hope to inspire many more people to play or return to the sport and think about how getting active can support them to live healthier lives, which perfectly aligns with Vitality’s core purpose”.

Kolkata Knight Rider signs Dream 11 as principal partner

The Indian Premier League (IPL) team, Kolkata Knight Riders (KKR) have signed Dream11, India’s biggest fantasy sports platform as principal partner.

As per the announcement on KKR’s social media platforms, “Dream 11-KKR We’re delighted to announce @Dream11 as our Principal Partner for the #TATAIPL2024! With this dream partnership, we’re all set to bring you closer to the action and passion of the game. Let’s make dreams come true together!”

Saudi Arabia pumps $120 million to boost gaming, esports industry

The National Development Fund (NDF), in collaboration with the Social Development Bank (SDB), announced the signing of two agreements to establish two venture funds with a total size of SAR450 million ($120 million).

The announcement was made during the LEAP 2024 technology conference in Riyadh, marking a significant step towards nurturing the thriving gaming and eSports industries.

The initiative is part of the Gaming and Esports Financing Programme, cooperating with the Saudi Esports Federation. Merak Capital and IMPACT46, the entities managing the two funds, will provide development financing for gaming and Esports companies through equity investments, in an effort to accelerate growth, enhances local content development, and amplifies the industry’s economic and social impact to achieve the objectives of the National Gaming and Esports Strategy and the Digital Content Program (Ignite).

Merak Capital is set to manage the first investment fund, with a size of SAR300 million ($80 million), focusing on establishing a gaming accelerator backed by venture investment to spur growth and cultivate local talent in the gaming industry. The goal is to position Saudi companies as leaders in this vibrant sector.

The second fund, managed by IMPACT46 and totalling SAR150 million ($40 million), seeks to stimulate private sector investment in the local gaming and Esports industry. Additionally, it seeks to attract international firms and studios to establish a more substantial presence in the Kingdom, further enriching the sector’s ecosystem.

Dr. Stephen Grove, Governor of NDF, stated, “The gaming and Esports industry has seen exponential growth globally, generating substantial revenue and job opportunities. With Saudi Arabia’s young demographic and other attractive investment components, NDF and our partners are prioritizing innovative financing solutions for this industry. We aim to ensure its financial sustainability and contribute to the Kingdom’s economic diversification and job creation efforts.”

Eng. Sultan Al-Humaidi, CEO of SDB, emphasized SDB’s commitment to supporting the gaming and e-sports industry, recognizing its potential for growth within the Kingdom. “Our objective is to cultivate the industry to self-sufficiency, positioning the Kingdom as a global hub. We provide the necessary support to ensure this venture succeeds, advancing the Saudi digital economy forward as a key component of the Kingdom’s digital transformation goals aligned with Saudi Vision 2030.”

This comes as part of NDF’s endeavors to develop the Saudi promising sectors and enhance their contribution to the national economy. All of this can be accomplished through empowerment and financial development support, to establish an environment that attracts local talent, deliver promising experiences, and target top-tier game production and development projects.