oil

In the coming months, Jaén will control the world marketing of olive oil. It won’t help him

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While I write these lines, according to the data of the Ministry of Agriculture, there are 773,596 tons of oil in the country’s oil mills. Practically half, they are in Jaén. There is more oil in the Jienenses oil mills than those that all industrialists, packagers and refiners have. A lot more. Almost double. That is what turns Jaén into the gravitational center around which the entire international olive oil industry is going to turn. The big question is if he will know how to take advantage of it. We’re So Back. Let’s do A quick review. After a pair of nightmare years, at the end of March, the Jiennese wineries accumulated about 369,245 tons. That placed it (with a lot) as the main producer of the world. Córdoba follows (with 135,865 tons) and Granada (with 74,124). And a little further back are Seville (44,158) and Malaga (13,590). Castilla – La Mancha adds about 81,700 and Extremadura still has about 27,000. There are, if the figures are fine, reserves of 773,593 tons until the oil of the next season arrives. And we are selling it very fast. As we said a few days ago, According to data from the Information and Food Control Agencyonly in March, “135,000 tons have been marketed (including imports) to an average of 3.62 euros in all categories.” That is, we are selling oil at a rate that is not sustainable: that it will not reach us until the next campaign. It is not a problem for consumption because everyone knows that the boom of sales and low prices (which are causing losses of more than 270 million euros in the sector) is due to a concatenation of problems and circumstances: The commercial chaos of American tariffsthe delicate financial situation of the producers and the expectations that the price can continue to fall (for the rains). The situation is problematic because it does not allow companies to clean up their accounts, but cannot be sustained too much in time. And then? That is the big question. Because, as we see that it has happened in the banana, the Spanish countryside is getting used to passing one problem to the other without any transition period. Given this scenario, most Great challenges of the olive grove They remain in the air. And it begins to be A bad time not to make the right decisions. Image | Juan Moreno In Xataka | The price of olive oil in origin has returned to “normality.” What everyone wonders is what happens to supermarkets

The olive oil campaign is doing so well that Spanish olivers have already lost 270 million euros

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At the end of January, the Almazares de Middle Country They were working 24 hours a day and were direct to triple the amounts of olive last year. It seemed good news. Moreover, after years of drought, it was excellent news. But, As we warnedcould become a problem. Well, it is already becoming a problem. But how will it be a problem? I recognize that it may seem paradoxical. We carry several campaigns in which the big problem is that There were no olives. That shot prices, yes: but hardly compensated for the different links in the production chain. It is no coincidence that the world’s largest olive oil company lost 34 million euros only in 2023. Now there are olives. The problem is that there are too many and that the sector is in such a weak state, that it has not been able to contain the price drop. There the complications begin. Have prices fallen so much? At consumer level, not so much. But originally the situation has been very down. To get an idea, According to data from the Information and Food Control Agencyonly in March, “135,000 tons have been marketed (including imports) to an average of 3.62 euros in all categories.” The amount is important, yes. Above all, because (Docked by international trade problems) We have reached a rhythm that can be at risk of the campaign link: reserves that allow stabilizing the price throughout the year. That is, it is important. But the key is the price. What can we learn from the price? Historically, the line of the traditional dry land olive tree I was around four euros. It is true that the irruption of the irrigation olive tree and the New superintenive varieties They make many profitable farms at lower prices, but the bulk of the Spanish oil Keep from dry. And that dry land has been the worst the crisis of recent years. The current price drop in origin puts it in a very complicated situation. A complication of 270 million euros. In that amount, the UPA Secretary General Andalusia, Jesús Cózar, the dimension of the problem. “The olive groves have stopped receiving 270 million euros in the month of March, or what is the same, more than 8 million daily, due to the current situation of ruin prices at origin,” explained. Your complaint is debatable, but makes sense. Because, indeed, “There are no objective reasons that justify this bearish trend of prices at origin.” Taking into account current reserves, technically speaking the price would have to be superior: oil is coming out at a rate that is not sustainable. And that is what worries the producers. Knowing that in normal circumstances, the olive would have to sell almost two euros more expensive and, in this way, the 2024-2025 campaign would have been a revulsion. Right now is just another year of agony. Image | MILTOF | Pom ‘ In Xataka | Right now there are thousands and thousands of tons of olive oil embarking on the United States

The US plan to reduce oil is about to derail what worked best in its economy

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Brent and Wti crude prices suffered a great fall of the barrel two days ago. This situation caused a very large alert In the markets, since since February 2021 there was no such low data. After the storm, prices have stabilized around 60 dollars the barrel for the Trump measure of suspend for 90 days The highest tariffs to different countries. In this way, the commercial war has become A direct conflict against China that does not know the scope tariffs, leaving an economic paradox in reducing oil price. Lowering prices. Until now, the United States has managed to reduce its commercial deficit thanks to the revolution of the shale, which has made the USA Net oil exporter Since 2020. This expansion prior to Trump’s second mandate had achieved reverse decades of foreign oil dependence. However, the impulse to pierce with the famous “Drill, Baby, Drill” Together with tariff policies, it has caused global uncertainty, According to PVM analyst Tamas Varga in Reuters. There are no good ideas. And it is evident that Trump’s policies They lack a coherent direction. According to Reutersthe fall in crude oil prices is a reflection of the loss of confidence in American economic policy, especially in the middle of a commercial war, affecting the global demand for oil. Also, like He has stressed Energy expert Javier Blas, drilling and production costs are not profitable below $ 65 per barrel in the United States. In other words, if prices fall too much, production would decrease, which would force more oil and, therefore, would expand the commercial deficit, which is precisely what Trump wants to reduce. The paradox. The contradiction in Trump’s policies is clear: its strategy of reducing oil prices to control inflation and stimulate the economy will have the opposite effect to the desired one. According to Blas explainedTrump’s objectives was precisely to reduce the commercial deficit. Before its presidency, the revolution of the shale, which allowed the United States to become a net oil exporter, was one of the factors that contributed significantly to improve the trade balance in the last two decades. However, by pushing prices at lower levels, Trump is running the risk of undoing the advances achieved, generating a macroeconomic imbalance that would seriously affect local production and increase import dependence. Besides, Anz Bank analysts in Reuters They expect that, if world economic growth falls below 3%, oil consumption could decrease 1%, which would further aggravate the situation. Depending on oil. This Trump strategy also affects other countries than their income They are derived of the export of oil, such as Saudi and Russia Arabia. Although oil has experienced very significant fluctuations for more than five years, it is not even this commercial war when tensions have been exacerbated causing a strong fall. This situation can cause a new layer of geopolitical tension. On the one hand, Saudi Arabia needs raw barrels to exceed $ 90 to continue building and investing in their macroprojects, Like Neom. On the other hand, the fall in prices in Russia has generated Even more pressure on its economy, which is already weakened by the Ukraine War. Forecasts. As He has warned Javier Blas, “drilling, drilling, drilling” will not work if the barrel is 50 dollars and if the United States does not pierce, it must import it. In short, leaving a scenario in which the US president, in his attempt to control prices, can end up undoing the most effective tool he has had to reduce the commercial deficit in decades. Image | Gage Skidmore and Unspash Xataka | China responds again to US tariffs and rises to 125%: from here it would be a “joke” to keep climbing

In the middle of the largest commercial chaos, olive oil seems immune thanks to a factor: consumption in Spain

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For months, a fear has persistently toured the oil world. Often fear is undefined, inaccurate, it has no face. This time, on the other hand, it was something clear and easily identifiable: producers feared that, after the crisis of recent years, the olive oil consumption figures They will not recover. Now, the data start drawing an answer. An extremely rational fear. Throughout the last decade, the consumption of olive oil It has been falling year after year. It is not clear why, or what are they Sociodemographic factors that influence; But yes, crisis after crisis (and with the mediation of A deep cultural and gastronomic change), wide layers of the population have gotten out of the oil and the vast majority has not returned. It is evident that in Spain there is a “oil culture” and that, in a sense, makes the Spaniards a “captive public”. We can see it by analyzing the inelasticity of the demand. According to the year dataolive oil has been the product that has most increased this April. It is worth 62% more than last year and 100.4% more than two ago. The demand, on the other hand, only 19.8% fell with respect to the last year and 44.5% compared to two years ago. That is the great trick of the industry and, therefore, the simple idea that this culture is eroding is terrifying for them. And even more in times of change. Not just for The commercial chaos that has caused the tariff vailed of the US, but for The endemic paradoxes of the Spanish oil industry. Do not forget that we talk about a sector that, despite growing 15% every yearis seeing how its productive structure is de -industrialized to forced marches. But Spain has returned. After several bad years, this campaign has finally been the return to normal. That has hehco that prices, little to Cpoco, return to normal. In February, in fact, the year -on -year price had already fallen by 40%. But the good news is another: that demand has grown 48%, According to Nielsen data collected by Cordopolis. Has the curse broken? It is still early to know. In a few months, we can examine in detail how sales go and we can know if consumption levels have really recovered or not. But the sensations are good. And more at a time when, despite everything, the Oleícola sector has managed not to resent with the tariff measures of Donald Trump. For the first time in years, a smile is intuited in the Olivos Sea. Image | Norberto Ortiz In Xataka | The two speeds of the price of olive oil: much more in origin is being reduced than in the supermarket

Tariffs are already being charged to their first great victim of the global economy: the price of oil

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In this tariff war, China He has decided to get back to the United States with tariffs of 84% to all imports. A blunt response of the Asian giant, which has charged its first victim by crossfire: oil. Price drop. The price of barrels is below Los 60 dollars and going down. As He explained Energy expert Javier Blas, the oil market is going through a perfect storm: on the one hand, the fall in global demand as a direct consequence of the tariff war, and on the other hand, The answer a few days ago of the OPEC+ to continue producing more, which causes the offer to continue increasing. If this situation extends, it could evolve towards a real supply shock affecting two giants. The matter is more complex. OPEC+ decided to increase its oil production despite the fall in prices due to tariffs and concerns of a global economic slowdown. The organization I was looking to recover the market share I had lost due to the previous cuts. In addition, the growing production of non -member countries and Failurers of the rules to raise the offer. It will be very expensive. In all this situation, Saudi Arabia is one of the affected giants because in its recent projects it is diversifying its economy with the initiative, Vision 2030. It is betting on an economic model that is disconnected from oil, but It is still your currency To continue financing their mega -structures, such as Neom. As have indicated from Reutersthe fall in prices threatens to cut tens of billions of state dollars, as is already being seen in the stock market of the state oil company, Saudi Aramco. The impact is capital, since Riad can be forced to increase his indebtedness or postpone large infrastructure projects. In fact, according to the same news agency, the International Monetary Fund has estimated that Saudi Arabia needs prices greater than $ 90 per barrel to square its accounts. The other giant. The fall in prices takes with him another great economy ahead: Russia. As He has warned for Reutersthe governor of the Central Bank, Elvira Nabiullina, that the escalation of tariff wars represents a clear risk for Russia due to the fall in crude oil prices. In his words, the continuity of the commercial conflict reduces global trade, slows down the world economy and, consequently, decreases the demand for Russian energy resources. In fact, with the current situation of war, the dependence of Moscow of oil and gas is key, but the data is showing how in March 17% fell and it is expected that in April it will continue to descend. From Moscow. Kremlin spokesman Dmitri Peskov has acknowledged that the oil market is going through an “extremely turbulent” situation, derived from commercial tension caused by the United States. Meanwhile, the price of raw Urals, the Russian referent barrel, is dangerously approaching to the threshold of 50 dollars By barrel, the lowest level in almost two years. As Oilprice has had accessRussian authorities have indicated that a technical fiscal rule will help mitigate the effects on the budget, but oil prices are in free fall. Forecasts. The price of oil can continue down with all the situation that is being experienced: wars, sanctions and territorial instability. All this affects perception Investor risk and without a clear OPEC+ response the price falls without brakes. Image | Javier Colmenero Xataka | For great technological tariffs are an existential threat: their empires depend on the “world system”

Right now there are thousands and thousands of tons of olive oil embarking on the United States

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If there is a word that perfectly defines the current state of the Spanish agricultural sector, that word is: chaos. While many wine and oil companies They anticipate sales up to six months to the US To avoid the tariff effect, others Cancel hundreds of orders. That’s why, As the dreaded April 9 approachesthe bags fall and the world prepares to a more than possible recession. The question that everyone of oil is done is what will happen to what was supposed to be the first quiet year after the great crisis. Before tariffs. As Rafael Pico explainedDirector of the Spanish Association of Olive Oil Exporting Industry and Commerce and Oil Oils, between the months of January and March, dozens of companies in the sector have advanced their exports to the US. In January alone, the last month of which we have consolidated data, increased by 5,000 tons compared to the previous year. In February and March similar (or higher) figures are expected. Six months. That is, according to their own calculations, six months of consumption. And it can be considered a “security mat” waiting for Europe and the US to agree. The same has happened with wine, but not so much with other perishable products (such as hams or sausages). However, the oil is different for a simple reason: there is no substitute. Is there no substitute? Although it is true that countries such as Morocco, Turkey, Australia, Argentina or Chile could benefit from tariffs (because it will be half that Europeans), the truth is that none of those markets can satisfy the thirst of aciete of North America. 80% of the oil consumed in the US comes from Europe, explained from the COAG. Its own production, if we want to have the complete perspective, are about 6,000 tons of a set of 350,000. Who could put those amounts of oil on the table? In addition, we come from very high prices. That is something that also plays in favor of Spanish oil: last year We saw prices at 9 euros and now they are 3.5. In this context, you just have to contain a bit the fall in prices to the end user so that the effect of tariffs is not noticed. In fact, it is possible that the Ahroa price with tariffs is lower than in previous campaigns. They are good news, right? Not everything. Because, as it is, it is expected that sales fall and, in addition, there is a country with much higher tariffs that will have to redirect its production to Europe: Tunisia. It is true that we speak only of 56,000 tons per year in Spain, but an indiscriminate increase at this time can erode the profitability of many drying farms. The background problem. It is that the tariff war will distort the entire market. And it will make it the recovery of the sector is very complicated. It doesn’t hurt to remember that We have been very bad for a few years and that most producers concentrate on surviving. The dust that is raising all this commercial battle makes it very difficult to make decisions in the future. The problem is that it is time to take them. Image | Dimitri Karastelev In Xataka | For centuries, olive leaves were used to feed cattle. Now some grenadines want our nutrition to revolutionize

The price of oil does not date back

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Saudi Arabia has been the center of attention thanks to its dystopic architectural projects that the country has launched with the aim of diversifying its economy and becoming a Luxury Tourist Destination. However, after a streak of economic fluctuations that have reduced the yields of the Saudi Financing Fund, the entire project wobbles. The reason: the Low oil price and estimates of Let it be maintained So for a time. The fall in the price of oil. One of the reasons that promoted the Vision 2030 Project From Saudi Arabia, it was precisely to disconnect the country from its strong dependence on gas and oil deposits, origin of its current prosperity. However, the current geopolitical context and the unstoppable boom of the Sustainable energies They have made the price of oil, a vital resource for the Saudi economy, has experienced a considerable drop in recent months. Such and As you collect he Financial Timesin March 2025, the price of barrel in international markets was around 70 dollars, far from the more than $ 100 that were reached in 2022. Despite the production cuts implemented by the Organization of Petroleum Exporting Countries (OPEP+), the recovery of black gold prices has been slow and insufficient. No oil there is no financing. This decrease in income directly affects the country’s budget, estimating a spending cut by more than 3.7% per year by 2025. Saudi authorities had projected much higher income to finance their ambitious plans, so a significant deficit in public accounts that puts at risk that puts at risk has been generated The financing of your megaprojects star. “A more pronounced and sustained drop in the price of oil would require a deeper reduction in government spending to contain the magnitude of the deficit and accumulation of government debt. There will probably be also an additional adjustment and recalibration in the investment plans out of budget,” explained Monica Malik, chief economist of the ABU Dhabi Commercial Bank to Financial Times. According to published Bloomberg, the Saudi Arabia government had budgeted an expense of 342,000 million dollars by 2025, of which it estimated to recover about 315,000 million dollars for oil revenues. That would leave a deficit of about 27,000 million, which is aggravated by the reduction of income of an oil that does not rebound. There was already a first cut. It is not the first time that the pharaonic architectural projects of Neom is trimmed. A year ago, the expectations of building a 170 km long building, It was lowered 2.7 km by 2030 and the construction of The desalination plant that was going to guarantee drinking water for the new city. Unlike the current situation, those cuts were motivated by the poor financial performance of the Public Saudi Investment Fund, such and As I counted The Wall Street Journaland for some maneuvers of “creative accounting” by the managers of the work with the objective of justify the cost overheads. The Saudi crossroads. With a whole catate of half -building works and an investment forward trying to attract as many investments possible to cover the growing expenses. Of that Fugging forward The commitments arise to make Saudi Arabia at the headquarters of the Asian Winter Games in 2029, followed by the 2030 Expo in Riad and the Football World Cup in 2034. These commitments will require that the Government further cuts the investments destined for Great tourist projectsto focus on the construction of 10 futuristic stadiumsa skiing station with an artificial lake of fresh water and artificial snow. All this, remember, in a desert climate. In Xataka | Neom announces a new city: hundreds of luxury villas that instead of having parking will have port for superyates In Xataka | SIRANNA: The new luxury destination for the Supermer Image | Neom

The price of olive oil in origin has returned to “normality.” What everyone wonders is what happens to supermarkets

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Every week, the Ministry of Agriculture, Fisheries and Food publishes the price of oil at source and The last bulletin is full of good news. The price of ‘liquid gold’ before reaching bottling, distributors and supermarkets has returned to the levels prior to the ‘boom’ of recent years. Now the most difficult is: this reaches supermarkets. When did the oil price start uploading? Actually, the price of oil began to rise erratically from the beginning of the Ukraine War. The explanation is simple: Ukraine was one of the largest producers of vegetable oils in the world. As soon as the problems began, manufacturers around the world went to other types of oils and that raised the price of oil (also driven by the increase in energy, fertilizers and oros agricultural inputs). It was, however, a conjunctural price increase. However, like Cristina G. bolinches pointed at eldiario.esthe situation began to complicate in autumn of 2022, when the Ministry of Agriculture warned that the harvest was going to be abnormally low. From that moment on, a roller coaster of ups and downs that now, finally, reaches its term. What price do we talk about? According to the Ministryon March 16, the 100 kilos of oil in origin were at 406.04 euros. A little (very little) above the traditional profitability threshold of the dry land. Before the war, the price became lower, but to this we would have to discount the inflation and rise of costs. In addition, the trend (although slowed) remains positive. In Italy, for example, the price Still still in the clouds. The price in supermarkets. In the lines of the stores the price has also dropped. Above all, if we take as a reference the 12 euros per liter of virgin oil of extra olive that was requested in the worst moments of 2024. Right now, the liter (in white marks) can be found at 5.80 euros, according to Bolinches. The problem is that in October 2022, just when the price of oil was at these prices, the liter You could find 3.2 euros per liter. Rockets and feathers. It is, however, a well -known phenomenon in other goods. When the Brent barrel rises in price, the fuels experience strong and almost immediate growth. On the other hand, when you go down, prices They fall much more moderate. In the case of oil, in addition, it is logical. It is enough to remember that the largest distributor in the world, deoleo, lost 34 million euros Only in 2023. All that entity that has some power in the market will try to soften the price drop to square the accounts at the end of the month. In this sense, the fall in origin evidence that producers are still the weakest leg of the entire framework. After years walking on the tightrope, they need income to stay alive. Above all, in an environment in which prices can fall even more. When will ‘normality’ return to the supermarket? A priori, it’s a matter of time. The rains of the month of March They predict good conditions for the next harvest. It is true that everything can still be twisted, but it is the stimulus that the market needed to assume that they don’t have much time. Of course, the months of March They are becoming more wet And that has long -term implications. It will be necessary to see how all these climatic changes affect the Olivos Sea and, by extension, to our diet. For now, everything seems to indicate that the sector is getting interesting. Image | Fulvio Ciccolo | Eduardo Soares In Xataka | For centuries, olive leaves were used to feed cattle. Now some grenadines want our nutrition to revolutionize

They will lower the price of olive oil

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We have been talking about the oil for three years. And it is not for less, in the blink of an eye, The ‘liquid gold’ prices shot And they could not only the sector in check, but the cuisine of the country. Luckily, everything began to come back to normal. Therefore, this of chaining weeks and weeks of rains over the “sea of ​​olive trees” has aroused the suspicions of many … how does all this water affect a tree accustomed to dry environments? For this campaign, water doesn’t matter too much. As He said in ideal Antonio Velasco, from Quaryat Dillar“The bulk of the olive is already harvested. We still do not give the campaign for closed but most oil has already occurred, so there will be many changes.” And for the next? That is the big question. In recent days, we have spoken that rains have arrived in a bad time for strawberry (which is in full collection and excessive humidity exposure can end up infecting her of mold) or the citrus (whose flower It seems relatively sensitive to moisture). What situation will the olive tree be left? Obviously, excessive water affects almost all plant species of our climate environment: in the case of the olive tree, a tree especially accustomed to dry areas, water reservoirs products due to a bad design (or management) of the farms can end them directly. Good news. Without reaching those extremes, the olive grove also has their own fungal diseases (such as rephya and anthracnosis) that proliferate with abundant rains. But, in general, rainfall is very beneficial for olive explained in the mail Teresa Pérez. It is true that what manager of the interprofessional of Spanish olive oil is true is true, above all, at the end of summer and autumn when the olives are fattening. But it is still true that also in the weeks prior to flowering, in spring, it is interesting that it rains with joy. Why is all this important? Because that has good consequences for the campaign next year. If we travel to April 2024, we could see how the Olive Oil Council of Agro-Food Cooperatives of Spain interpreted the rains of that March As the first indication of a trend change, a “magnificent” news. Actually, everything remains to be done (the key moments of all this are flowering and fattening), but rains such as these weeks are a key element to ensure an excellent campaign. It is, to put it in some way, a necessary, but not sufficient condition. What will happen next year? As we usually say, this is the ask that everyone does in the sector. Not surprisingly, we have learned in recent years that Two weeks of heat are enough Above normal so that an entire olive campaign disappears and the sector walks towards the abyss of shortage. However, 2025 has become an invitation to be optimistic. Anyway, we will notice in the prices of 2026. Image | emp & ISD In Xataka | That Andalusia is a superpower of olive oil is great for Spain, but a problem for its other regions

Your plan to leave the oil also goes through betting strong in video games

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‘Pokémon Go‘He broke into 2016 and transformed the world of mobile video games. He took us out, turned any corner into a digital hunting field and immersed us in augmented reality as never before. Almost a decade later, the iconic game is about to change the owner. Scopely, a developer owned by Savvy Games Group, which in turn belongs to the Saudi Sovereign Fund, has signed an agreement To buy it with other Niantic titles. A millionaire operation. Scopely has decided to disburse $ 3.5 billion to get part of the Niantic games business, which in 2024 generated more than 1,000 million dollars in revenue and maintains a base of more than 30 million active players per month. As we can see, this agreement does not imply the total purchase of the American company, but the acquisition of a part. If regulators are approved, Scopey, based in the United States and 950 employees in Spain distributed between Barcelona and Seville, will stay with ‘Pokémon Go’, ‘Pikmin Bloom‘ and ‘Monster Hunter Now‘, in addition to’ Campfire ‘,’ Wayfarer ‘and the global network of meetings that support them, such as live events. It will also absorb the team responsible for these projects, guaranteeing their jobs. A catalog with several successes. Scopely is the ‘Monopoly Go’ editor, a mobile game that, although it may not sound you, It became one of the great prominent global after beating its income record in 2024. And it is not his only strong letter. It is also behind ‘Stumble Guys’, ‘Star Trek Fleet Command’ and ‘Marvel Strike Force’, games with huge communities. With this acquisition, it seeks to get your business a step further. What will happen to Pokémon Go? One of the questions that can be asked is what will happen to the game. Scopely has given a signal by absorbing Kei Kawai and Ed Wu, veteran leaders of their studies. The company ensures that the teams “will continue with their ambitious roadmaps” and that “players can expect these games, apps and events to remain faithful to the experiences they know and love.” One of the keys to the success of other Scopey titles has been his aggressive monetization strategy, an issue that follows in the air in regard to ‘Pokémon Go’. It is not clear if the company will apply the same model or if it will respect the current structure of the game. In any case, Pokémon remains owned by The Pokémon Companyso any important modification should have its approval. Challenging moments for Niantic. The agreement comes after a complicated stage for Niantic. Although ‘Pokémon Go’ was a phenomenon from day one, reaching more than 500 million players in their first year, its popularity collapsed during confinements, when its mechanics based on outdoor exploration was practically unusable. This was followed by several setbacks. Niantic canceled ‘Transformers: Heavy metal’, developed in collaboration with the creator of Sleep no More‘Punchdrunk’, in addition to two internal projects with Blue Sky and Snowball Key names. There were also layoffs: In 2023, more than 300 employees were disconnected. With this panorama, the big question is inevitable: if Niantic is letting go to its greatest success, what bet does it have for the future? A turn to AI. Once the operation is finished, Niantic will transform its technological platform into Niantic Spatial Inc., a new Geospatial company. Its objective will be to develop a new generation map for devices and machines to interact with the physical world. As part of the agreement, Scopely will invest 50 million dollars in the company and continue to share certain data from the players. Black gold to digital world. It is no secret that Saudi Arabia seeks reduce its dependence on oil and diversify its economy. A key piece in this strategy is its sovereign fund, owner of Scopely, the company that has just signed the agreement with Niantic. The Fund plans to invest about 40,000 million dollars in the video game industry, with the aim of creating hundreds of companies and thousands of jobs from here to 2030. Images | Scopery | Niantic In Xataka | Neom seems crazy, but Saudi Arabia does not take the brake and begin to build a cube in which 20 Empire State fit In Xataka | The video game industry seems to be clear where its next boom is: in the games “for couples”

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