Games Industry Biz reports: “UMX Studio has secured a $4.5m all-cash investment. The Saudi Arabian studio says it will use the funds from investment company Jetapult to “support the expansion of [its] existing portfolio, expand audiences across global markets, and build games in new genres.” The company says the investment “comes in the context of the exponential growth of the gaming and e-sports sector in the MENA region, and with the Saudi National Gaming and Esports entity aiming to make the country a global gaming hub by 2030.”
