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The Saudi Public Investment Fund (PIF) has agreed to pay $3.5 billion to buy the gaming division of Niantic, the Pokémon Go publisher. It’s the latest in a string of entertainment and gaming investments by the PIF. BBC tech reporter Tom Gerken tells us why the Saudi government is spending billions on gaming and what the Kingdom stands to gain from it.
Plus: BBC Arabic’s Abdirahim Saaed explains where the PIF gets its money and why the gaming scene is so big in Saudi Arabia right now.
Instagram: @bbcwhatintheworld
By BBC World Service4.3
1616 ratings
The Saudi Public Investment Fund (PIF) has agreed to pay $3.5 billion to buy the gaming division of Niantic, the Pokémon Go publisher. It’s the latest in a string of entertainment and gaming investments by the PIF. BBC tech reporter Tom Gerken tells us why the Saudi government is spending billions on gaming and what the Kingdom stands to gain from it.
Plus: BBC Arabic’s Abdirahim Saaed explains where the PIF gets its money and why the gaming scene is so big in Saudi Arabia right now.
Instagram: @bbcwhatintheworld

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