According to a report by the Dubai Multi Commodities Centre, the video gaming market in the Middle East and North Africa (MENA) region is expected to reach $6 billion in revenue by 2027, doubling the figure from 2021. Aspects such as high levels of digital connection, a young and digital-savvy population and sufficient federal government assistance in the region have produced this tremendous development in the market..
Ahmed bin Sulayem, the executive chairman and CEO of DMCC, highlighted the value of the video gaming market as a key motorist of financial growth and innovation in the area. He describes that, ” video gaming has come to the fore of entertainment worldwide, driving quick growth, particularly in the MENA region, which now constitutes 15% of the international gamer base”. COVID-induced lockdowns gave rise to a rise in video gaming and entertainment apps also, remaining inside your home led to individuals turning to video gaming for amusement. Advances in connection and innovation in the last few years have actually likewise assisted in an enhanced user experience.
2 of the Arab world’s soaring economies, the UAE and Saudi Arabia, will lead the region due to, “high earnings levels, strong digital engagement, and public financial investment efforts”, the report found. As a result of the UAE’s business-friendly nature, international gaming developers have established their local headquarters in the country. MENA economies are persistently working on developing correct regulative safeguards to increase privacy in order to guarantee a safe and secure gaming environment for everyone.
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