Invest Qatar, the Investment Promotion Agency of Qatar, and Level Infinite, Tencent’s global games brand; have signed a memorandum of understanding (MoU) to accelerate the growth of the gaming industry in Qatar.

The strategic partnership, which was sealed during the fifth Qatar Economic Forum, Powered by Bloomberg, aims to leverage Tencent’s experience and resource in global game industry to support Qatar National Vision 2030 and innovation.

Under the MoU, both entities will collaborate on joint initiatives to grow the local gaming ecosystem and share global best practices.

Invest Qatar will facilitate Level Infinite’s entry into the Qatari market by connecting the company with key local stakeholders and promoting awareness of its activities. Level Infinite and Invest Qatar would also work together on talent development initiatives, supporting the sector’s long-term growth, particularly in gaming technology and product development.

"The gaming industry represents a dynamic frontier for innovation, youth engagement and economic diversification. With a tech-savvy young population, the world’s fastest mobile internet speeds and our strategic location within one of the fastest growing regions for gaming, Qatar is well-positioned to capitalise on this momentum," said Sheikh Ali Alwaleed al-Thani, chief executive officer, Invest Qatar.

Through this partnership, it aims to attract world-class players and create new opportunities that position Qatar as a regional leader for digital entertainment.

“We are happy to partner with Invest Qatar. This partnership underscores our commitment to Qatar and working with local stakeholders to build a thriving gaming ecosystem. Together, we will create a vibrant and sustainable gaming and E-sports scene that benefits the local community," said Herman Zhao, Head of Emerging Markets Publishing, Tencent Games.

The Middle East and North Africa (Mena) gaming industry is witnessing significant growth, with a projected compound annual growth rate (CAGR) of 11% between 2022 and 2029.

Ranked first for ARPU (average revenue per paying user) compared to other regions, and home to 17% of the global players, the Mena region offers a wealth of opportunities for gaming companies.

Qatar’s strategic location, advanced ICT infrastructure and supportive business environment provides an ideal hub for international gaming companies to access this rapidly growing market.