Scheduled to take place next year on February 29, the Saudi Cup is alleged to be the richest race of the nation’s capital, Riyadh.
The Saudi Cup is a race which takes place at the King Abdulaziz racetrack. The prize money for the cup is $20m (£16.1m), with an addition of five races totaling the prize money to $6.8m.
The prize money for the main nine-furlong race is regarded to be three times more than that of Europe’s richest contest- the Prix de l’Arc de Triomphe in France.
The latest news regarding the cup alleges Saudi Arabia’s Prince Bandar’s announcement stating female jockeys will be “most welcome”. The statement is seen as a consequence to the country’s criticism over its record on women’s rights.
In his announcement, the prince determined that the event was seen as a part of the nation’s efforts to “transform the country”. “Men and women will be treated equally,” he commented with regards to jockeys.
The race is the latest sporting event scheduled including the boxing world heavyweight title rematch which is to take place in December.
Reports allege, the nation is looking for newer opportunities for income, in addition to tourism and entertainment, after oil trade has led to booming economies. The Saudi Cup will take place a month before the Dubai World Cup which was for many years regarded as the world’s richest race.