This article is written and produced by Auxilium, one of the leading Employer of Record and outsource staffing solutions providers in the GCC Region.
Saudi Arabia’s recently launched initiative to become a global Gaming and Esports hub by 2030 is expected to create over 35,000 jobs and is seen as very good news for the industry, both in the region and internationally.
The initiative was launched by Saudi Arabia’s Crown Prince Mohammed bin Salman, Deputy Premier, Minister of Defense, and Chairman of the Council of Economic and Development Affairs (CEDA). The strategy is in line with the Saudi Vision 2030’s ambitions to diversify the Kingdom’s economy, create new jobs, and provide world-class entertainment. It includes hosting major gaming and esports events, establishing educational academies, and developing regulations for the new sector. It is forecast to contribute over $13 billion to the Kingdom’s GDP by 2030.
The Global Hub is expected to attract leaders in the Gaming and Esports industries who are looking to further expand internationally, as well as to act as a catalyst for start-ups and entrepreneurs seeking to enter this exciting field.
As with all regional expansion and start-up strategies, the potential rewards for companies entering the Saudi Gaming and Esports sector will be considerable, offering great opportunities for growth, and giving access to new and highly motivated talent pools. However, there are also risks involved with new ventures, and a popular strategy adopted by many organizations looking to expand into the GCC is to partner with an Employer of Record (EOR).
An EOR is a third-party organization that acts as the legal employer of a company’s workforce and takes on all essential employer-related and HR management functions on their behalf. Importantly, it allows a company to hire and engage employees in the region without having to set up local entities.
An EOR partner will expedite the legal, regulatory and compliance processes that companies have to navigate in order to establish their local teams and infrastructure, while mitigating or reducing many of the associated risks. EORs are also an invaluable source of local and regional information, and can act as a guide when sourcing other partners with specific knowledge and expertise.
For companies looking to become part of the exciting new Gaming and Esports sector in Saudi Arabia, engaging with a professional EOR partner should probably be one of the first steps on their journey to success.
Talk to Auxilium
If you are considering expanding your business into the Kingdom of Saudi Arabia, or if you are looking to recruit international talent to help grow your business, then you should talk to Auxilium, one of the leading EOR and outsource staffing solutions providers in the GCC Region. We help organizations to expand and recruit staff in Saudi Arabia, the UAE, Qatar, Bahrain, Kuwait and Oman.
For more information on employer of record and outsource staffing services, please contact the Auxilium Team