Dubai to tap $99.6bn video gaming industry with X-Stadium

April 15, 2018 6:52 AM

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Dubai to tap $99.6bn video gaming industry with X-Stadium

Mubasher: Dubai Media Office and TECOM Group have jointly revealed plans for Dubai X-Stadium, the region’s first dedicated eSports and video gaming venue.

Dubai X-Stadium will turn Dubai into a regional and global hub for hosting video gaming events, according to a press release by Dubai Media Office.

Crown Prince of Dubai and chairman of the board of trustees of Dubai Future Foundation Hamdan bin Mohammed bin Rashid Al Maktoum has endorsed the joint initiative under the Dubai 10X initiative.

"We are living in a world where digital culture is reshaping all aspects of life, including sports. This has led us to develop the concept of Dubai X-Stadium, which will consolidate Dubai's status as a key digital economy hub," director general of the Dubai Media Office Mona Ghanem Al Marri commented.

"The idea aims at attracting millions of esports gamers, spectators and enthusiasts from around the world and offering them unique online and in-person experiences,” she continued.

The stadium is projected to tap into the $99.6 billion video gaming industry, Dubai Media Office noted.

With the world-class eSports events lying at the convergence of the media, gaming, and entertainment industries, global revenues are estimated to stand at $1.5bn by 2020 as Dubai X-Stadium is set to play a central role by hosting the events.

For his part, CEO of TECOM Group Malek Al Malek said: "TECOM Group, a member of Dubai Holding, is proud to take part in conceptualizing the Dubai X-Stadium, where we seek to attract and harness the creativity, talent and innovation of young generations, which is largely in line with our strategic vision in TECOM Group."

Source: english.mubasher.info

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