Mubadala Investment Company and Abu Dhabi Gaming have signed a preliminary agreement to develop an esports ecosystem in Abu Dhabi in order to attract global talent to the region while boosting the local creative industry as part of its economic diversification agenda. The deal will see both sides exploring opportunities for collaboration, helping individuals and companies come up with content, supporting and hosting events, and creating employment opportunities. It also aims to advance education in a number of fields including virtual reality, coding, design, and development.
“As an active investor in innovation, we are always on the lookout for new opportunities,” said Badr Al Olama, Executive Director for UAE investments at Mubadala. “Esports and gaming have quickly emerged as an exciting sector and we look forward to developing opportunities related to it, and complementing our efforts in further diversifying the UAE’s economy.”
The gaming industry has continued to thrive globally and is one of the sectors that is being prioritized in the UAE’s 10-year National Strategy for the Cultural and Creative Industries.
Abu Dhabi has been investing in building a gaming ecosystem. Al Qana, a new waterfront destination, is building the emirate’s largest esports and virtual reality gaming complex called Pixel, developer Al Barakah International Investment said.
(All information was provided by The National News)
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