After achieving major success with its mobile game Monopoly Go, Saudi Arabia’s Savvy Games Group plans to invest more in mobile game development and acquisitions, according to the company’s CEO. In April last year, Savvy, which is fully owned by Saudi Arabia’s Public Investment Fund, agreed to purchase Scopely, a mobile game developer, for $4.9 billion. It is noteworthy that the Monopoly game was released in the same month. Since then, the online version of the popular board game has generated $2 billion in revenue.

According to CEO Brian Ward in a recent interview, Scopely will be the main focus of Savvy’s investment strategy, acting as the “tip of the spear.” This means that the mobile game publisher, which already runs eight development studios, will receive more funding, and may even acquire a genre-leading title to add to its collection.

Savvy announced in 2022 that it had $38 billion to turn the oil-dependent nation into a hub for the video-game industry. It has invested $8.3 billion so far.

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