Prince Bandar bin Khalid Al-Faisal, head of the Equestrian Authority and Chairman of the Board of Directors of the Horse Racing Club, announced that the prize money of the 2022 Saudi Cup will be raised to $32.1 million, making it the most expensive horse race in the world.

This came in a press conference, on Wednesday, where Prince Bandar announced, according to the official Saudi Press Agency, the launch of the third edition of the 2022 Saudi Cup, "the most expensive horse race in the world, on Friday and Saturday, February 25-26, 2022."

Prince Bandar said: “This third edition of the Saudi Cup comes, thanks to the generous sponsorship of the wise leadership of this sport, in addition to the generous and continuous support directed to this sport, like all sectors in terms of interest, which led to our achieving international achievements, the latest of which was the arrival and classification of the Kingdom. Among the second international group in the world in horse racing, and the classification of the Saudi Cup internationally among the first category G1 races, globally, and this indicates that this sport is achieving great development, thanks to the presence of strategic plans, the presence of leadership support, and our partners in success in this achievement.”

He added: “Since last year, and after the last race, we have continued to develop this sport, which makes us look forward to great achievements this year and in this third edition, as the Cup achieved strong success and a direct impact on the international racing scene, which was positively reflected on the reality of local races. In the Kingdom, which is very passionate, where in 2020, we launched the first version of the Saudi Cup in our first international experience, and after less than three years, we entered among the first group countries, and we are now looking forward to hosting the most valuable race in the world 'The Saudi Cup' ', classified from the first category runs, in addition to five races classified in the third category.