
The Inaugural Franca Fund Gala Will Take Place This November in Doha
'The bond I had with my mom—and her being a single mother for most of her life and then going so early—really made me want to do something to remember her,' Carrozzini tells Vogue, adding that his mother's diagnosis of a rare lung cancer led him to the work of Harvard medical geneticist Dr. Robert E. Green, in hopes of finding her a cure. That Sozzani's illness was too advanced to be successfully treated, and she died in late 2016, prompted Carrozzini to establish The Franca Fund for Preventive Genomics, alongside Green and artist and investor D.A. Wallch. The initiative supports genetic research to identify, treat, and prevent a myriad of diseases—from minor ailments to life-threatening illnesses.
Since launching in 2018 at Harvard Medical School and Mass General Brigham, the fund has raised money through the exhibition and sale of pieces from Sozzani's wardrobe; a Zara collection of tees and sweatshirts featuring Peter Lindbergh photos; and an awards dinner that has honored Julianne Moore, Salma Hayek, and Iman. Still, Carrozzini has often found himself thinking, 'this is not enough, we need something bigger,' he says. Enter the Franca Fund Gala, which was conceived in collaboration with Sheikha Al Mayassa.
'I was looking to do something with someone who understood my mother's values and what she did for the arts and for fashion,' Carrozzini says, noting that before her death, Sozzani befriended Sheikha Al Mayassa through those shared interests. The chairperson of Qatar Museums and co-chair of Fashion Trust Arabia, Sheikha Al Mayassa 'kindly offered to host' the Franca Fund Gala, Carrozzini adds.
The evening will be held in collaboration with the Qatari cultural center M7, a hub for innovation and entrepreneurship across design, fashion, and technology. Additional details regarding the guest list, venue, dress code, and entertainment are forthcoming, but the mission, Carrozzini says, is already clear: 'To promote research, and to honor someone who so many people thought was special.'
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Associated Press
10 hours ago
- Associated Press
A $4.44 Billion Market by 2033, Driven by Youth Demographics, Vision 2030, and Increased Digital Adoption
DUBLIN--(BUSINESS WIRE)--Aug 21, 2025-- The 'Saudi Arabia Online Gaming Market Size & Forecast 2025-2033" report has been added to offering. Saudi Arabia Online Gaming Market is expected to reach US$ 4.44 billion by 2033 from US$ 1.77 billion in 2024, with a CAGR of 10.77% from 2025 to 2033 Increasing internet penetration, youth demographics, government support through Vision 2030, growing smartphone usage, esports development, foreign investment, cultural shifts toward digital entertainment, and growing local game development initiatives are the main drivers of Saudi Arabia's online gaming market growth. The online gaming sector in Saudi Arabia is expanding quickly because of a number of important factors. Strong digital infrastructure and dependable, fast connectivity are available throughout the nation, enabling a flawless gaming experience. The demand for interactive digital entertainment is considerable due to the population's preponderance of young people. The gambling industry is being aggressively supported by government initiatives as part of larger attempts to diversify the economy. The growth of the gaming sector is being reinforced by strategic investments in both domestic and foreign firms. Furthermore, the emergence of esports and the holding of significant gaming competitions are establishing Saudi Arabia as a regional and international center for competitive digital entertainment and online gaming. Growth Drivers for the Saudi Arabia Online Gaming Market Youth Demographics A major factor in the quick growth of the Saudi Arabian online gaming sector is the country's largely youthful population, with a sizable percentage under 35. A thriving gaming culture has been cultivated by this demographic's significant integration with digital technology and mobile platforms. Gaming is a major source of amusement and social contact for more than 70% of Saudi youth. This development is acknowledged by the government's Vision 2030 plan, which positions esport and gaming as important industries for economic diversification. This generation is further empowered by investments in infrastructure, esports competitions, and educational initiatives, which firmly establish their impact on the direction of the Saudi Arabian gaming market. Government Initiatives boosts the market growth Through strategic efforts in line with Vision 2030, the Saudi Arabian government is aggressively propelling the expansion of the online gaming business. The National Gaming and Esports Strategy, which encourages industry investment, talent development, and infrastructure development, is at the heart of this endeavor. By 2030, Saudi Arabia wants to become a global center for gaming and esport, with over 35,000 new employment and $13.3 billion in economic benefits, according to HRH Prince Faisal bin Bandar bin Sultan Al Saud, Chairman of the Federation of E-sports and Gaming. The Kingdom's determination to become a leader in the global gaming ecosystem is further supported by government-backed organizations like Savvy Gaming Group, major competitions like the Esports World Cup, and a $120 million investment fund. Digital Infrastructure Through strategic efforts in line with Vision 2030, the Saudi Arabian government is aggressively propelling the expansion of the online gaming business. The National Gaming and Esports Strategy, which encourages industry investment, talent development, and infrastructure development, is at the heart of this endeavor. By 2030, Saudi Arabia wants to become a global center for gaming and esport, with over 35,000 new employment and $13.3 billion in economic benefits, according to HRH Prince Faisal bin Bandar bin Sultan Al Saud, Chairman of the Federation of E-sports and Gaming. The Kingdom's determination to become a leader in the global gaming ecosystem is further supported by government-backed organizations like Savvy Gaming Group, major competitions like the Esports World Cup, and a $120 million investment fund. Challenges in the Saudi Arabia Online Gaming Market Cultural and regulatory restrictions The Saudi Arabian internet gaming sector faces major obstacles due to cultural and legislative constraints. To guarantee that gaming material complies with regional cultural, religious, and social norms, the Kingdom maintains stringent regulations. This frequently leads to game censorship or alteration, which reduces the number of titles available. Complicated approval procedures that developers and publishers must handle can cause delays in game releases and deter foreign businesses from entering the market. These limitations may also have an impact on local game developers' inventiveness and ingenuity. One of the biggest challenges to the long-term success of the Saudi Arabian gaming business is juggling adherence to legal requirements with the varied tastes of players. Piracy and intellectual property protection issues The protection of intellectual property (IP) and piracy continue to be significant issues in the Saudi Arabian online gaming industry. Unauthorized game distribution and duplication reduce earnings for publishers and developers while deterring investment and creativity. Despite advancements in legal frameworks, IP law enforcement is continuously developing, making it challenging to successfully tackle digital piracy. Both domestic and foreign gaming companies face risks in this environment, which could restrict market expansion. To safeguard intellectual assets and promote a long-lasting, prosperous gaming ecosystem in Saudi Arabia, it is imperative that anti-piracy measures be strengthened, IP rights be better understood, and collaboration between government organizations and industry players be improved. Key Players Analysis: Company Overview, Key Persons, Recent Development & Strategies, Sales Analysis Key Attributes: Key Topics Covered: 1. Introduction 2. Research & Methodology 2.1 Data Source 2.1.1 Primary Sources 2.1.2 Secondary Sources 2.2 Research Approach 2.2.1 Top-Down Approach 2.2.2 Bottom-Up Approach 2.3 Forecast Projection Methodology 3. Executive Summary 4. Market Dynamics 4.1 Growth Drivers 4.2 Challenges 5. Saudi Arabia Online Gaming Market 5.1 Historical Market Trends 5.2 Market Forecast 6. Market Share Analysis 6.1 By Type 6.2 By Platform 6.3 By Gamer Type 6.4 By Age Group 7. Type 7.1 Action 7.2 Adventure 7.3 Puzzle 7.4 Arcade 7.5 Others 8. Platform 8.1 Mobile Phone 8.2 PCs 8.3 Console 8.4 Others 9. Gamer Type 9.1 Social Gamers 9.2 Serious Gamers 9.3 Core Gamers 10. Age Group 10.1 Below 10 Years 10.2 11-24 Years 10.3 25-44 Years 10.4 45 and Above Years 11. Porter's Five Forces Analysis 11.1 Bargaining Power of Buyers 11.2 Bargaining Power of Suppliers 11.3 Degree of Competition 11.4 Threat of New Entrants 11.5 Threat of Substitutes 12. SWOT Analysis 12.1 Strength 12.2 Weakness 12.3 Opportunity 12.4 Threats 13. Key Players Analysis For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. View source version on CONTACT: Laura Wood, Senior Press Manager [email protected] For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 KEYWORD: MIDDLE EAST SAUDI ARABIA INDUSTRY KEYWORD: ENTERTAINMENT ESPORTS SPORTS ONLINE MOBILE ENTERTAINMENT CASINO/GAMING SOURCE: Research and Markets Copyright Business Wire 2025. PUB: 08/21/2025 12:55 PM/DISC: 08/21/2025 12:55 PM
Yahoo
11 hours ago
- Yahoo
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Forbes
11 hours ago
- Forbes
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