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Published: December 18, 2023

Written by: Stefan Velikov

  • The International Esports Federation and the Global Esports Federation have signed a memorandum of understanding
  • It aims to help grow the global esports industry
  • Interestingly, the signing was observed by the VP of the International Olympic Committee

The International Esports Federation and the Global Esports Federation have entered a partnership that will see global esports grow.

Parties Sign Partnership

Over the last decade, esports has been growing exponentially across the globe, resulting in many organizations popping up with the aim of further developing the field. To aid in these efforts, many of them enter strategic partnerships to pull together their resources and grow the global esports ecosystem.

The International Esports Federation (IESF) and the Global Esports Federation (GEF) are two such entities that have recently announced the signing of a memorandum of understanding (MoU) aimed at developing the field. Both parties will work together on a range of global initiatives to grow the perception of esports.

“With both organizations already committed to building the industry, cultivating competition, nurturing talent, enhancing infrastructure, and elevating the world of esports, the coming years will see GEF and IESF embark on joint initiatives across territories,” reads a statement released by the GEF.

The agreement was signed during the GEF’s Riyadh Global Esports Games by the organization’s President, Chris Chan, and the President of IESF Prince Faisal bin Bandar bin Sultan Al Saud. What’s exciting is that the signing was apparently observed by Ng Ser Miang, the VP of the International Olympic Committee.

Perhaps this could mean that esports could be a part of the much-revered worldwide sporting event sometime in the future. Many esports fans have dreamed of video games becoming part of the Olympic games and they have often been supported by various officials and even politicians. This includes French President Macron who has said he wants to see esports be part of the 2024 Olympics.

Officials Comment on the Matter

The optimism that esports will continue to grow at an accelerated pace was supported by the signing officials. HRH Prince Faisal commented on the “limitless” potential of esports that is based on the enduring advancement, sustainability, and prosperity the field is already seeing.

“Today is not only a welcome reminder of this reality; it is the start of an exciting new phase in the realm of esports cooperation, one where collectivism instigates a new wave of evolution,” he said, further commenting on how exciting it is for the IEF to play a crucial role alongside the Global Esports Federation in growing esports.

“Our collaboration agreement illustrates our shared intent to contribute to the #worldconnected esports community and celebrate youth,” Chris Chan added. “Esports has emerged as a force for good across diverse cultures and societies in recent years. Our focus is to pave an innovative path toward more transformative experiences, with new foundations for growth and development.”

With two of the biggest entities in global esports entering such a strategic partnership, the field will likely increased its growth in the coming years.

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