Saudi Arabia's bold push into the gaming industry has taken another major step forward with Scopely's substantial acquisition of American game developer Niantic for £2.7 billion ($3.5 billion). Scopely, a subsidiary of Savvy Games Group—funded by Saudi Arabia's sovereign wealth Public Investment Fund—is already renowned for successful mobile games like 'Monopoly Go', 'Marvel Strike Force', and 'Star Trek Fleet Command', and now adds Niantic, famed for the global phenomenon 'Pokémon GO', to its impressive roster.
