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Saudi Arabia partners with South Korea’s Wemade to enhance gaming and blockchain sector

The partnership will focus on various initiatives such as training programmes, educational content, game localisation and sponsorship of regional events

by Divsha Bhat

April 25, 2023

Wemade, the South Korean game developer behind the blockchain gaming platform Wemix, has recently inked a Memorandum of Understanding (MOU) with the Ministry of Investment in Saudi Arabia (MISA).

The agreement will foster the growth and development of the gaming and blockchain sectors in the kingdom.

MISA is a government agency that collaborates with foreign companies to facilitate investment and expansion projects in Saudi Arabia, as part of the country’s 2030 Vision to diversify its economy.

During the Saudi-Korea Investment Forum in November 2022, Wemade had discussions with Saudi Arabia’s Investment Minister Khalid A. Al-Falih and other officials, which sparked their interest in the company. This eventually led to a partnership with Nine66, a subsidiary of Savvy Games Group, and the signing of the MOU with MISA.

The partnership will focus on various initiatives such as training programmes, educational content, game localisation and sponsorship of regional events.

Wemade’s local offices

Meanwhile, earlier this year, Wemade also established offices in Abu Dhabi, UAE, with the intention of working closely with local projects and companies.

A representative from MISA commented: “We are very excited for Wemade’s progress in expanding its activities in Saudi Arabia and are looking forward to continuing supporting Wemade’s footprint through connecting it to strategic partners in the sector.

This progress would be yet another step further into realising the national objective of becoming a hub for gaming and esports in line with the National Gaming and Esports Strategy”