Saudi Arabia has announced the world’s richest horse race.

Pipping Pegasus World Cup to the post, (the US race offered an AED58.7 million prize fund for one race in 2018) the new race in Riyadh has a prize fund set at AED73.4 million, ($20 million) making it the world’s most expensive horse race.

AED36.7 million will go the winner alone…. not bad for a quick track!

Dubai, however, still holds the title for the world’s richest race meeting. The annual race held at Meydan draws equestrian enthusiasts from all over and offers AED128.5 million in total.

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The nine-furlong race will be held at King Abdulaziz Racetrack on February 29

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“The introduction of the Saudi Cup as an international race is without doubt the most significant event in the history of horse racing in Saudi Arabia, and demonstrates our resolve to develop this great sport in the Kingdom of Saudi Arabia, and also our ambition to become a leading player on horse racing’s world stage ” Prince Bandar bin Khalid Al Faisal, chairman of the Jockey Club of Saudi Arabia.

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Over a year in planning, the race marks an important moment in Saudi racing history

According to reports, the Jockey Club of Saudi Arabia will pay for stables, fodder, veterinary fees, and farrier, as well as arrange and pay for flights and accommodation of connections, a huge incentive for potential runners.

And purse money will be paid to 10th place in the free-to-enter race.

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