MUMBAI: EsportsXO, which works in the Indian esports and gaming startup landscape, has announced a strategic partnership with Abu Dhabi Gaming, marking a significant expansion into the Mena region. As a part of this agreement, XO will establish its regional headquarter in Abu Dhabi. This collaboration is aimed at fostering the growth of Abu Dhabi’s local gaming ecosystem and will enable both companies to seize the emerging opportunities in this growing sector.
With a projected valuation of $397.21 billion by 2029, the global gaming industry is on a sturdy growth track and the MENA region is rapidly emerging as one of its largest markets. By setting up its regional hub in Abu Dhabi, XO looking to is position itself at the epicentre of this landscape, poised to tap into a market ripe for expansion.
“Working with Abu Dhabi Gaming is a major step for XO as we look to expand our presence in one of the world’s most exciting gaming regions. We are eager to contribute to the development of the local gaming ecosystem, nurture homegrown talent, and bring world-class gaming experiences to the MENA region. This reinforces our commitment to expanding our global footprint while fostering meaningful connections with gamers and industry leaders across the region” said Vikas Goel, Founder, XO
Abu Dhabi Gaming, the UAE capital’s gaming ecosystem builder, hosts over 100 gaming companies. By joining forces with Abu Dhabi Gaming, XO becomes the first tournament platform to be part of this ecosystem. The goal is to pave the way for more immersive and large-scale gaming experiences in the MENA region.
Marcos Muller-Habig, director Abu Dhabi Gaming said, “We are excited to welcome XO to the Abu Dhabi Gaming ecosystem. Their expertise in esports tournaments and community building will play a crucial role in elevating Abu Dhabi’s position as a global gaming hub. Together, we aim to shape the future of gaming in MENA, while providing the platform for local and global talent to achieve the goal of enhancing the growth of Abu Dhabi Gaming’s ecosystem”
Focus and Growth: This strategic expansion in Abu Dhabi will be instrumental in shaping the esports and gaming landscape in the MENA region. XO’s Abu Dhabi office will focus on key growth areas, including regional esports programs, partnerships with publishers, and innovative advertising solutions. XO’s platform, known for its free-to-play, gamified ecosystem, helps gamers discover tournaments and connect with other gamers, creating a more engaging and sticky experience.
This partnership aims to create jobs over the next five years and support the development of local talent. It also looks to align with Abu Dhabi’s broader vision to establish itself as a global gaming hub, providing the necessary infrastructure and network to foster innovation.
XO added that this strategic expansion follows a significant financial and operational growth attained by the company in a short span of three years. XO added that it has raised around $1.4 million and achieved revenues of over $4.3 million in the past 3 years, maintaining an EBITDA-positive performance the last three quarters of this year. After a successful fundraising in 2023, XO has demonstrated financial stability and ability to scale sustainably while delivering excellence and value to its growing community of over 1.4 million gamers across the globe.
XO explains that it is focussed on building a sustainable, inclusive, and borderless gaming ecosystem where gamers, developers and brands co-exist to create mutual value. By offering active, engaged players and delivering what it says is a highly targetted engagement, it has emerged as a major player in the regional esports scene. The focus on community engagement, alongside a slow-burn approach to marketing, provides long-term value creation it noted.
