Riyadh, SPA:
Ministry of Communications and Information Technology (MCIT) yesterday signed a Memorandum of Understanding with the General Entertainment Authority (GEA), on the sidelines of the entertainment industry conference held in Riyadh to launch a business accelerator to support the development of electronic games locally and build human resources working in the field of digital entertainment, in addition to the establishment of a joint center for digital innovation.
The MoU was signed by the Minister of Communications and Information Technology Eng. Abdullah Al-Swaha, and Turki bin Abdulmohsen Al Al-Sheikh, Advisor at the Royal Court and Chairman of the Board of Directors of the GEA in the presence of a number of officials.
The signing of the agreement represents the commitment of both sides to the localization of the digital entertainment industry, support of startups in this domain, and boosting the local content as electronic games have generated revenues from the Saudi market estimated at 2.8 billion riyals in 2018.