Saudi Arabia on Monday announced that it will launch an annual Esports World Cup, which will include the world's most popular games and have the largest prize pool in esports history.
The first competition will take place in summer 2024, a statement from Saudi Crown Prince Mohammed bin Salman said.
The historic announcement was made during “The New Global Sports Conference” in the Saudi capital, said a press release.
“The Esports World Cup is the natural next step in Saudi Arabia’s journey to become the premier global hub for gaming and esports, offering an unmatched esports experience that pushes the boundaries of the industry,” said the crown prince.
“The competition will enhance our progress toward realizing the Vision 2030 objectives of diversifying the economy, growing the tourism sector, creating new jobs in various industries, and providing world-class entertainment for citizens, residents, and visitors alike.”
The Esports World Cup Foundation will reveal more details about the event early next year.