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NIP Group to establish global headquarters in Abu Dhabi

news agency wam , 22 Jan 2025 - 18:20

Abu Dhabi Investment Office (ADIO) announced on Tuesday, January 21, that it has partnered with NIP Group Inc. (NASDAQ: NIPG) a leading gaming and esports company, has entered into a multi-year partnership.


According to Amac News: This five-year agreement will see the establishment of the global headquarters of NIP Group in Abu Dhabi. In addition, the company will expand its activities in key business areas in the region, including eSports operations, creative studios, game publishing, and event and talent management.
ADIO stated that the purpose of establishing this cooperation is to accelerate the growth of gaming, media and entertainment in Abu Dhabi.
The Abu Dhabi Investment Office will also work directly with NIP Group to develop a gaming and esports strategy, leveraging Abu Dhabi's location and resources to create a thriving local gaming ecosystem.
The main focus of this cooperation is the establishment of a local eSports academy as well as the creation of studios for game development. New intellectual property, including the development of "Made in Abu Dhabi" content that includes Al Ain and Al Dhafra, will be registered locally.
The agreement also includes internship programs for UAE nationals as well as educational and advisory initiatives and global exchange programs.
A director of NIP Group said that this cooperation provides an opportunity to integrate Eastern and Western businesses, and the establishment of a global headquarters reflects the growth of the company and the entertainment industry in the Middle East.
The Chairman of NIP Group also said that their aim is to create new jobs and strengthen Abu Dhabi's leadership in eSports and gaming to empower a new generation of professionals.


Story Code: 2651

News Link :
https://www.amacnews.com/en/news/2651/nip-group-to-establish-global-headquarters-in-abu-dhabi

AMAC
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