Saudi Arabia announces plans for a new US$1.1 billion racecourse at Qiddiya City
Saudi Arabia has announced plans for a new US$1.1
billion (SR4.3 billion) thoroughbred racecourse at Qiddiya
City, marking a major step in the Kingdom's efforts to strengthen its
position as a global hub for horse racing.
Qiddiya Investment Company has awarded the
construction contract for the project, which will cover approximately 1.3
million square metres on the outskirts of Riyadh. Once completed, the venue
will have the capacity to accommodate up to 70,000 spectators and will become
the new home of the US$20 million Saudi Cup, replacing the existing King
Abdulaziz Racecourse.
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Saudi
Arabia's Qiddiya City to develop modern horse racing avenue for Saudi Cup
The centerpiece of the development will be a 21,000-seat
grandstand overlooking three racing surfaces, including the Middle East's first
straight-mile turf course, a 2,200-metre turf track, and a 2,400-metre dirt
track. The facility will also include a state-of-the-art equine hospital,
extensive training facilities, and premium hospitality spaces designed to
support year-round racing and entertainment.
The racecourse is part of the wider Qiddiya
City development, a flagship project under Saudi Vision 2030, which aims to
diversify the Kingdom's economy through investments in tourism, sports, and
entertainment. The broader destination will also feature Formula One and
motorsport facilities, golf courses, theme parks, and cultural attractions.
Since the launch of the Saudi Cup in 2020,
Saudi Arabia has significantly expanded its presence in international
thoroughbred racing by offering one of the world's richest prize purses and
attracting leading horses, trainers, and jockeys from around the globe.
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set to open Wadi Safar Equestrian and Polo Club
Upon
completion, the Qiddiya racecourse is expected to rank among the world's most
advanced and expensive horse racing venues, providing a purpose-built stage for
the Saudi Cup and supporting the Kingdom's long-term strategy to expand its
global sporting profile.
Source: www.racingnews.co.nz
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