Business Today Egypt | October – November 2023, Special Edition

Gaming
rica and Nigeria is approaching the $2 billion
mark by the end of 2023, according to data
from Statista. Looking at revenue expectations
for each country individually, the video game
industry’s revenues in Egypt are projected to
reach $983.8 million by the end of 2023, accompanied
by an estimated annual growth rate of
8.85%. Smartphone games dominate in Egypt,
comprising the largest sector with a market size
of $665.4 million in 2023.
Egypt’s Position in the Gaming Industry
“It is about to launch! Attempts to kick start
the industry have been around for about a decade
now since the surge of free engines,” says
Ahmed Refae, co-founder of Senet Interactive
and Rocketman Game Designer. “This provided
a solid foundation which can be built upon:
a mixture of experience and an abundance
of young emerging talents all over the place,
thanks to the efforts of educational institutes
and the passion of younger ambitious talents.”
Ahmed Abdel-Aal, founder & CEO of 3BL Esports,
believes that the state of the electronic
gaming industry is “very good” given the attention
of manufacturing companies, and the
abundance of professional teams
in Egypt and foreign investors in
the local community of professional
teams. He anticipates further advancements in
the coming years, emphasizing that the pace of
progress in this field surpasses that in any other
investment field.
Abdel-Aal also highlighta that the Egyptian
community excels in all electronic games, and
they constitute the majority of players in all
professional teams, be they Egyptian teams or
otherwise.
Esports host Ahmed Zakareya points out that
Egypt is the Arab country with the most gaming
activity and consumption, with a tremendous
number of players, professionals, strong teams
and influential figures in most tournaments.
He notes that players in Egypt vary between
casual players of different games, competitive
gamers, and professionals in teams. This
diversity is one of the key strengths. “Despite
Egypt’s infrastructure and network services being
weaker than those of other Arab countries,
Egyptians record excellent sales and figures
year after year, and the industry is flourishing
by the day,” he adds.
www.businesstodayegypt.com
November 2023
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