True Gamers Secures USD 45 Million Investment to Forge the Future of Esports in Saudi Arabia

In a development True Gamers, an esports lounge has successfully secured an investment of USD 45 million, in a funding round led by Nawaf Albishri, CEO of the renowned investment firm Falak. The strategic partnership aims to accelerate the growth of the esports ecosystem in Saudi Arabia by establishing than 150 esports clubs across the country.

Established in 2019 by Anton Vasilenko and Vlad Belyanin True Gamers has quickly become a player in the world of esports expanding its network to include over 120 esports lounges spread across the UAE and Eastern Europe. This expansion highlights the companys commitment to democratizing esports. Making it accessible to a wider audience, particularly within Saudi Arabia and beyond.

As part of this collaboration with Falaks CEO True Gamers plans to host esports tournaments at their cutting edge facilities. This move is expected to enhance the gaming and competitive experience not for enthusiasts but also attract global attention, towards the thriving esports community in this region.

Vlad Belyanin, Chief Product Officer and co founder of True Gamers expressed his enthusiasm about expanding into Saudi Arabia and highlighted its role in advancing the countrys esports industry.
Belyanin stated, “True Gamers aims to attract players elevate the prominence of eSports and cultivate a gaming community, in Saudi Arabia by offering unparalleled gaming experiences and hosting top tier eSports tournaments.”

CEO Anton Vasilenko views the franchise agreement as a step towards popularizing cybersports. True Gamers not seeks to make eSports more inclusive. Also strives to make it accessible to a wider audience envisioning the development of a lively and diverse gaming community within Saudi Arabia.

With their establishment of Cluborg Group in 2015 Vasilenko and Belyanin strategically position themselves to take advantage of the growing gaming market, which is projected to reach nearly $2.8 billion by 2026. The impressive size of the Kingdoms gamer population estimated at 21 million and accounting for 58% of its population presents an exciting opportunity for True Gamers ambitious expansion plans.

In conclusion True Gamers acquisition of a USD 45 million investment marks both a milestone and signals a new era for the esports scene in Saudi Arabia. With plans to establish esports clubs and host international tournaments this initiative is poised to redefine the gaming experience for enthusiasts, in the Kingdom while contributing to the recognition of Saudi Arabias flourishing esports community.

Image by: True gamers