Saudi Arabian Investors To Acquire Stake In SNK

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In 2015, Osaka-based game company SNK was acquired by Chinese investors. Now, it seems, the company has new investors.

Eikichi Kawasaki originally founded the company in 1978 as Shin Nihon Kikaku. Famous for its hardware and fighting games, the company became a giant in the Japanese gaming industry. At Esaka Station in Osaka, where the SNK headquarters used to be, there were signs in its heyday announcing that the location was the home of SNK.

However, in 2000, the company was acquired by a pachinko company and then found its iconic characters farmed out to pachinko machines. By 2015, a Chinese joint venture had acquired SNK, hoping to turn the company into a multimedia juggernaut. The acquisition made sense as

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Saudi Arabia Homeland Security And Public Safety Market Booming By Size, Revenue And Trend In 2020 Scrutinized In New Research

The MarketWatch News Department was not involved in the creation of this content.

Nov 22, 2020 (AmericaNewsHour) —
The turmoil in the Arab world, the ongoing conflicts in Iraq, Syria and Yemen, and the Iranian driven Sunni-Shi’ah divide in the Kingdom, are forcing the ruling royal family of Saudi Arabia to face critical junctures. Saudi Arabia government, which has at its disposal $610B of petrodollars reserves, spends “whatever it takes” to secure the country’s stability and defeat any internal or external regime change threats. This policy places Saudi Arabia as the global leader in Homeland Security & Public Safety market size per capital.

Saudi Arabia plans to procure during 2017-2020 as much as $90B of Homeland Security & Public Safety related products and services. This huge market will create a highly profitable business environment for state-of-the-art security products and service providers.

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AI plan points to Saudi Arabia’s global ambitions, future beyond oil

Saudi Arabia has laid out an ambitious plan to become a world leader in development and deployment of AI technology by the end of the decade, attracting billions of dollars in investments, fuelling startup growth, training tens of thousands of data and AI specialists, and working with some of the world’s leading IT vendors — including Chinese tech giants Huawei and Ali Baba — in related initiatives such as the building of smart cities.

National leaders view the plan as a central component of the country’s Vision 2030, established in 2016 to reduce reliance on oil revenue and diversify the economy, increase foreign investment in the country and develop public sector services and infrastructure.

The AI plan, officially dubbed National Strategy for Data & AI, was launched last week at the Global AI Summit, a virtual conference organised by the Saudi Data and AI Authority (SDAIA), which will implement the

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