• Teleios Global expanding its market regionally
• Deals stroked with Saudi Arabia, Qatar, Kuwait and India exceed two million Dirham
Dubai, UAE, 12 March 2023
After launching its devices in the UAE market “Teleios Global”, which recently announced the opening of its headquarters in Dubai city and is considered the largest manufacturer of luxury racing simulators in the world targeted new regional markets and was able to conclude deals worth more than two million dirhams through its participation in Dubai International Boat Show and Custom Show Emirates.After launching its simulators in UAE market Teleios Global, which recently announced the opening of its headquarters in Dubai city and is considered the largest manufacturer of luxury racing simulators in the world targeted new regional markets and was able to conclude deals worth more than two million dirhams through its participation in Dubai International Boat Show and Custom Show Emirates.
Mr. Mohamed Kamali, Co-founder and CEO of Teleios Global said: “we were delighted to welcome his Highness Nahyan bin Mubarak Al Nahyan, Minister of Tolerance and Coexistence, at our stand in the Custom Show Emirates”.
The company has successfully concluded several deals during the Dubai International Boat Show, by selling “Hydra 1” simulator, the most luxurious among racing simulators, which was purchased by a number of customers from Saudi Arabia, Qatar, Kuwait and India.
Mr. Kamali added “The electronic sports sector has a promising future in the Middle East, especially with the invention of new games that attract emerging talents from across the region. We have observed a great demand for simulators during the events, in which we participated and we are looking forward to expanding in various parts of the region, especially the Kuwaiti market, in which we observe a great demand for the acquisition of sophisticated and luxurious electronic devices and games, this turnout in the region can be seen by the deal we recently concluded with Dr. Khaled Al Sabti from the State of Kuwait, who is an enthusiast of luxury, distinctive devices and also speed and cars lover”.
The young passionate generations are leading this sector, making it the fastest-growing gaming markets in the world, with a value expected to reach up to five billion US dollars by 2025.
The electronic games industry around the world has recorded revenues of 197 billion US dollars over the past year, and recent studies indicate that the value of revenues from the sports sector in the UAE is expected to reach 15.6 million US dollars by 2027. As for Kuwait it is expected to reach about 11.8 million US dollars with a growth of approximately 62% this year and expected a rise of revenues up to 15.25 million US dollars by 2027. While studies indicated the income from electronic games in Saudi Arabia increased to 3.14 billion US dollars.
The Middle East and North Africa are considered the fastest-growing markets of electronic games in the world, expecting growth of revenues of more than 203 billion US dollars by 2026.