By Web Desk 
In a major development on October 6, 2024, reports emerged that Saudi Arabia’s Public Investment Fund (PIF) is considering expanding its stake in Japanese gaming giant Nintendo. Already holding a significant share in the company, PIF is looking to increase its influence in the gaming industry as part of Saudi Arabia’s Vision 2030 strategy, which aims to diversify the country’s economy away from oil dependency.
The PIF’s interest in Nintendo signals its growing focus on entertainment and digital sectors, particularly gaming, which has seen explosive growth in recent years. Nintendo’s innovative gaming platforms and popular franchises like Super Mario and The Legend of Zelda have made it a global leader in the industry. The move aligns with Saudi Arabia’s push to become a key player in the global gaming market, an area that has also attracted investments from other international firms.
Pakistan, with its burgeoning gaming community and increasing smartphone penetration, has also caught the attention of international gaming companies. The country’s tech-savvy youth population is increasingly involved in gaming, both as consumers and developers. Industry experts believe that investments like those from the PIF could ultimately benefit Pakistan by encouraging local developers to collaborate with global gaming giants.