Saudi government-backed firm and “giga project” now co-owns fighting game tournament Evo

A company backed by the Saudi Arabian government’s Public Investment Fund have become the co-owner of the Evolution Championship Series (Evo) fighting game tournament.

Following Sony’s sale of their stake in Evo, with India-based esports company Nodwin gaming buying it up, the event’s co-owners have been Nodwin and talent management company RTS. Well, RTS have now been bought by Qiddiya Investment Company, a PIF-backed firm that’s also overseeing the building of Qiddiya City as part of Saudi ruler Mohammed bin Salman’s Vision 2030 initiative.

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