Abu Dhabi: Set to become a hub for eSports, Abu Dhabi has announced a $280 million eSports island project. Led by True Gamers, a gaming empire with around 130 "lounges" worldwide, the project will be located at Al Raha, near the renowned Yas Island.
Previously, Yas Island has hosted numerous prestigious events, including UFC mixed martial arts tournaments, Formula 1 races, DP World Tour golf tournaments, and NBA exhibitions.
The project collaborates with leading gaming collectives, including BetBoom Team and Virtus. pro and Team Spirit.
True Gamers has secured $45 million in funding to expand into Saudi Arabia in the first quarter of 2024. The company aims to provide physical spaces where technology enthusiasts can meet and empower eSports players.
Two tower concept
The esports construction plan comprises two towers: one for the digital innovation spaces and one for a "luxury" resort hotel. On-site, influencers and developers will also find content creation spaces.
Other facilities include a high-end training facility for professional gamers and teams, a state-of-the-art arena hosting significant events, and a PUBG-inspired parachute jump.
Aligned with Abu Dhabi Vision 2030
Abu Dhabi's endorsement of the eSports Island initiative aligns with the Abu Dhabi Vision 2030, which aims to lessen the Emirates' dependence on oil by creating new income streams from services, knowledge, and tourism. The city's Department of Culture and Tourism Chair, Mohamed Khalifa Al Mubarak, has confirmed that the state has already invested over $10 billion in sponsorship and partnerships.
The Middle East and North Africa region's eSports revenue soared to $2 billion in 2023, with increased contributions from the UAE and Saudi Arabia.
Abu Dhabi has a history of hosting gaming events. It has hosted the esports Blast Premier World Finals twice and several prestigious non-e tournaments, such as NBA basketball, World Tour golf, martial arts, and the F1 season finale. When completed, its new gaming island in Abu Dhabi is anticipated to be worth over $1 billion.
The eSports Island initiative is expected to attract gamers, influencers, and developers worldwide and establish Abu Dhabi as a must-visit destination for esports enthusiasts.