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Saudi Arabia Launches Summer 2024 eSports World Cup
Football megastar Ronaldo was in attendance, and was honored to meet His Highness Prince Mohammed bin Salman.
On Monday, October 23, Crown Prince Mohammed bin Salman of Saudi Arabia announced the launch of the eSports World Cup. The event will be held annually from Summer 2024 in the Kingdom’s capital, Riyadh.
The eSports World Cup is the largest of its kind and will help to consolidate the Kingdom of Saudi Arabia’s position as an international pro gaming hub. The event will include games across a wide range of genres, with players competing for the largest pool of prize money ever to be issued at this type of event.
According to Arab News, the newly announced World Cup should boost the Saudi Arabian GDP by over 13 billion USD while creating nearly 40,000 new jobs.

During the launch, Saudi Crown Prince Mohammed bin Salman met with Portuguese football legend Cristiano Ronaldo, who was invited to the event. The star shared several images on social media and said he was honored to meet the Crown Prince.
The eSports World Cup launch also allowed Saudi Arabian officials to announce the establishment of the eSports World Cup Foundation, a non-profit organization to boost sustainability and cement the Kingdom’s place as a global gaming hub.
Also Read: Top 10 Best Video Games Set In The Middle East
The Saudi government is currently going to great lengths to promote the growth of the local gaming industry through its National Gaming and Esports Strategy.
Saudi Arabia is already home to the MENA’s leading gaming industry. The country has around 21 million gamers (nearly 58% of the population) and is the 19th biggest gaming market in the world, with a projected value of $2.6 billion by 2027 — a growth rate of 7.5% per year.
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Visa’s Return To Syria Starts With A Test And A Bank In Lebanon
Foreign visitors will be the first users to benefit, but whether Syria’s own banks and cardholders follow is still an open question.
Visa is returning to Syria. Its first live international card transaction in the country was a test rather than a launch, and the milestone event ran through a Lebanese bank.
The acquirer (the bank on the merchant’s side of a card payment) was Fransabank Lebanon, with Paymera as the other named partner. Nadim Moujaes, who heads a Fransabank Group subsidiary, describes the test as both the culmination of “longstanding efforts to link Syria back to international payment networks” and “the first step in a larger path”.
Syrian President Ahmed Al-Sharaa makes the first electronic payment in Syria using a @Visa card at a store in Damascus, following the lifting of US sanctions on Syria. pic.twitter.com/lpAN7nQ6Fc
— Tech Magazine (@TechMGZN) August 27, 2026
“We are excited to have successfully tested live transactions today as we plan to enable international visitors to use their Visa cards while in Syria,” says Leila Serhan, Visa’s senior vice president and group country manager for the North Africa, Levant and Pakistan region. Although a significant first step, that plan doesn’t come with a hard date for when a visitor’s card will work normally.
Mohammed Safwat Raslan, governor of the Central Bank of Syria, says the test paves the way for international card acceptance in Syria and that maintaining strong compliance, risk management and operational controls will remain essential. Serhan likewise stresses that Visa has worked within applicable legal, regulatory and compliance requirements. For a test transaction, it seems there was a great deal of attention paid to the rules, with the entire operation being carefully managed.
Also Read: Lebanon’s 5G Era Begins With 150 Stations And A $1M Budget
The test is the latest step in a sequence that began in December 2025, when Visa announced a strategic roadmap to support Syria’s integration into the global digital economy. In February 2026 it hosted its first industry gathering of banks, ecosystem partners and policymakers in Damascus and, the same month, signed an agreement with Syria’s Ministry of Communications and Information Technology in San Francisco.
Michel Kattouah, Paymera’s CEO, called the test “the return of international card acceptance,” but while that’s positive news, there’s no word yet on when a Syrian bank will issue a Visa card to a Syrian customer.
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