Riyadh – Leaders of Vision 2030 projects across various regions of Saudi Arabia emphasized during the 41st Asian Racing Conference that equestrian sports, along with other sporting sectors, play a pivotal role in driving comprehensive economic development and boosting investment across the Kingdom.
The sports sector has long been a fundamental pillar of Saudi Arabia’s Vision, supported by significant investments in golf, tennis, and football. However, the Kingdom’s deep-rooted passion for horse racing has positioned it as a major driver behind several rapidly developing projects nationwide.
The topic was discussed during a dedicated panel session organized by the Asian Federation of Horse Racing Authorities and hosted by the Jockey Club of Saudi Arabia in Riyadh.
On the same day that plans were announced for a new racecourse in Qiddiya, just outside the capital, it became evident that horses are not only an integral part of Saudi heritage but also a key contributor to broader economic growth.
Tim Hadaway, Executive Director of Equestrian Development within the sports sector at AlUla, stated that horses are central to the site’s strategic direction, which will host a world championship later this year under the supervision of the International Equestrian Federation (FEI).
He said:
“Horses represent one of the project’s main strategic pillars and form an essential part of Vision 2030 in driving economic growth, enhancing diversification, developing tourism, and showcasing this unique region of the Kingdom to the world.”
He also welcomed growing collaboration among horse racing projects across the Kingdom to build an integrated ecosystem capable of hosting world-class racing events.
Meanwhile, Mark Hewett, Executive Director and Head of the Racecourse at Qiddiya Investment Company, announced plans for the new venue, which will become the future home of the Saudi Cup.
He stated:
“We are focused on economic stability, expanding opportunities, increasing demand, creating jobs, achieving sustainability, and developing infrastructure. We are investing in the power of entertainment and building new residential and social communities for 500,000 residents, generating 200,000 jobs across tourism, hospitality, education, sport, and entertainment sectors.”
