The Saudi Arabian Equestrian Club has announced plans to stage what could be the world’s richest race in Riyadh next February.
The King Abdulaziz Horse Championship, over 10 furlongs (2000m) on dirt, is expected to carry prize-money between US$15 million and US$20 million.
“There will be around eight to ten races on the big day,” the event’s general manager Saleh Al-Hammadi told Arab News.
“The big race will be something like US$15-20 million. Of course the Pegasus World Cup (Florida) is US$16 million, but people pay US$1 million to participate, so it is different. For the other races on the big night we are looking to start at US$1 million.”
Prior to the emergence of the Pegasus in the last two years, the Dubai World Cup (US$10 million) was the world's richest race.