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Press Release

Galaxy Racer To Invest RM42 Million (US$10 Million) Into Malaysia’s Esports Ecosystem

eSports organisation piles millions of dollars into country's gaming "ecosystem".
[This unedited press release is made available courtesy of Game Developer and its partnership with notable game PR-related resource Games Press]

13 January 2022, Dubai, United Arab Emirates: Galaxy Racer (GXR), founded in 2019 by Paul Roy, is the largest esports, gaming and lifestyle organization in the world, headquartered in Dubai, with over 100 content creators across Southeast Asia, the Middle East North Africa, South Asia and Europe, with over 500 million followers and over 2.5 billion monthly views, signed a Memorandum of Understanding (MoU) at the Expo 2020 Dubai, witnessed by Tan Sri Annuar Musa, the Minister of Communications and Multimedia Malaysia (KKMM) and Mahadhir Aziz, the CEO of Malaysia Digital Economy Corporation (MDEC).

 
Galaxy Racer is one of the participating companies in the Malaysia Digital Economy Week, which was launched on January 12th 2021, at the Expo 2020 Dubai by Malaysia’s Communications and Multimedia Minister, Tan Sri Annuar Musa.

 
Galaxy Racer has announced a projected investment of RM42 million (US$10 million) in Malaysia within the next five years and plans to organise more esports events and tournaments to facilitate and boost the country’s esports ecosystem.
 

Galaxy Racer aims to boost the involvement of females in esports, adding that it had organised the ‘Girl Gamer Festival World Finals’ in Dubai, which was the first and only esports festival to celebrate women’s competitiveness in video games, and ‘Her Galaxy’, the first women’s esports tournament in Pakistan.

 
Galaxy Racer will be launching its Asia Pacific headquarters (APAC HQ) in Malaysia in 2022 and is looking to position Malaysia as its digital hub in the region. The APAC HQ will focus on six business verticals - content, esports teams, content creators, esports and gaming events, merchandising, a music label and an upcoming world-class visual effects (VFX) animation studio, positioning Galaxy Racer as a global content powerhouse and market leader in the digital content industry.

 
Galaxy Racer plans to be a catalyst by providing highly-skilled jobs and the opportunity for Malaysians to work in an international esports, gaming and lifestyle organization, which will contribute incremental revenue to the country via its intellectual properties in the digital content industry. 
 

CEO of Malaysia Digital Economy Corporation (MDEC), Mahadhir Aziz, said: “As part of our mission to drive the digital economy with high-impact initiatives, MDEC is committed in growing the esports industry in Malaysia and together with industry leaders such as Galaxy Racer, I am sure we will be able to elevate the industry to greater heights. Their investment into Malaysia will contribute greatly into the esports industry.”
 

Founder and Group CEO of Galaxy Racer, Paul Roy, said: “Galaxy Racer believes in MDEC’s vision for Malaysia to become a high-value-added economy and a net exporter of home-grown technologies and digital solutions. We are excited to establish our APAC headquarters in Malaysia and we appreciate the support by MDEC and KKMM in facilitating foreign direct investments into Malaysia, with the
 

MSC status application, ease of doing business and gaming-related industry grants. We look forward to creating a positive impact in the esports and digital economy and elevating the quality of the talent pool in Malaysia.”

                                                                                                                                                The digital economy is becoming one of the biggest contributors to Malaysia’s gross domestic product (GDP), making up to 22.6% of the nation’s economy. It is expected to contribute as high as 25.5% by 2025, outperforming the traditional largest contributor to the nation’s GDP - oil and gas. Galaxy Racer believes that MDEC would also be the catalyst for the nation’s Fourth Industrial Revolution (IR 4.0).


***END***
 

About MDEC (Malaysia Digital Economy Corporation)
MDEC was established in 1996 as the lead agency to implement the MSC Malaysia initiative. Today, we are an agency under the Ministry of Communications and Multimedia Malaysia (KKMM) with a close to 25-year track-record of successfully leading the ICT and digital economy growth in Malaysia.

Malaysia’s central geographical location in ASEAN, its young & digitally-savvy population, multicultural & multilingual tapestry, easy access to capital & regional markets, ease of doing business, certainty of business operating environment and legal system, comparative value and high standard of living, makes it the natural choice to land and grow your digital business here.

MDEC’s aspiration is to firmly establish Malaysia as the Heart of Digital ASEAN, a regional digital powerhouse launching global champions to lead the Fourth Industrial Revolution, ensuring our digital economy will drive shared prosperity for all Malaysians.


About Galaxy Racer
Galaxy Racer (GXR) was founded in 2019 and is largest esports, gaming and lifestyle organizations in the world, with our competitive esports division, Nigma Galaxy having an impressive roster of ten esports teams in Dota 2, League of Legends, CS:GO, Fortnite, Valorant, PUBG Mobile, BGMI and Free Fire.

At GXR, we value our diversity and equal representation in esports, with over 60 male and female esports athletes from over 20 countries, with over 100 content creators across Middle East North Africa (MENA), Southeast Asia (SEA), South Asia and Europe, amassing over 500 million followers and generating over 2.5 billion monthly views.

GXR has formed a global partnership with Waverider, an IP content creation and management company centred around pop culture and entertainment.

GXR is the organizer in Dubai for the Girl Gamer Festival - the first and only ‘Esports Festival’ to celebrate women’s competitiveness in video games.

GXR organized Australia’s largest independent Fortnite tournament for the esports community and Fortnite tournaments in India and Pakistan, each tournament with a US$10,000 prize pool.


GXR joined forces together with Arsenal superstar English Premier League footballer Pierre-Emerick Aubameyang and his brother William-Fils "Willy" Aubameyang, by hosting the first-ever Fortnite esports tournament between Europe and the Middle East with a EURO 10,000 prize pool.


GXR has formed a partnership with eLaliga, the top professional football division of the Spanish league system. This partnership is the first time a Dubai-based esports organisation will team up with a significant worldwide FIFA event.


GXR has announced a three-year partnership with Spanish football league LaLiga. The partnership will see both entities collaborate to create an original content series that will feature players from LaLiga, as well as Galaxy Racer’s influencers.


GXR has announced a partnership with celebrity and entrepreneur Fakhr-e-Alam to establish Galaxy Racer Pakistan, as part of our aggressive expansion plans globally.


GXR has organised Pakistan’s biggest esports festival with over US$100,000 prize pool, and signed with the newly-established Special Technology Zone Authority (STZA) in the presence of Pakistani President Dr. Arif Alvi and the patron of Galaxy Racer, His Highness Sheikh Mohammed Dalmook Al Maktoum.
GXR invested in Talent Lyfe, the next generation of athlete talent management, spearheaded by former Manchester United star Mikaël Silvestre.


GXR and Riva Technology and Entertainment acquired California-based VY Esports, in play to own MENA/SEA fan engagement, Raine Ventures senior executive to join their advisory boards.
 
GXR provides live streaming and gaming talents with brand endorsement deals, streaming contracts, creator collaborations, digital rights management, monetization, offline event opportunities, managing their social media channels and content programming.
 
Galaxy Racer website: https://galaxyracer.gg
 
For the latest Galaxy Racer news and activities, please follow us on:
 
Malaysia & Singapore:
Facebook:                   https://www.facebook.com/GalaxyRacerMYSG 
Instagram:                  https://www.instagram.com/GalaxyRacerMYSG 
TikTok:                        https://www.tiktok.com/@GalaxyRacerMYSG

Facebook:                   https://www.facebook.com/GalaxyRacerEsports
Twitch:                         https://www.twitch.tv/galaxyracerdxb 
YouTube:                     https://www.youtube.com/c/GalaxyRacer
Instagram:                  https://www.instagram.com/galaxyracerdxb
Twitter:                       https://twitter.com/galaxyracerdxb
LinkedIn:                     https://www.linkedin.com/company/galaxy-racer-dxb

Media Contact:
[email protected]

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