The Kingdom of Saudi Arabia is all set to host the world’s richest horse race this week with $20 million in cash prizes.
According to the details, the Saudi Cup is expected to attract almost 10,000 spectators and is scheduled to be held at the King Abdulaziz Racetrack on February 29. The main race of the event would be 1,800m on a dirt track with a maximum field of 14.
The winner of the world’s richest race will be awarded $10 million, the second position holder with $3.5 million, and even the 10th place finisher will be awarded something.
The Saudi Cup in the capital city of Saudi Kingdom, Riyadh, includes another seven races on dirt and turf with prizes worth $9.2 million up for grabs.
“We are taking the first steps on a journey to bring the domestic racing product on a par with our international counterparts,” said Tom Ryan, director of the strategy and international racing at the Jockey Club of Saudi Arabia.
He further said that the Saudi Cup will increase the sport’s following in the Kingdom, as well as the opening up the industry to international horses and connections to make our make on global racing.