On 29 February 2020, the world's richest thoroughbred horse race took place at the King Abdulaziz Racetrack in Riyadh. The Saudi Cup is a new race for thoroughbreds aged four and up, to be run at weight-for-age terms over 1800m (9f). The prize money is US$20m with a prize of US$10m to the winner and prize money down to tenth place. The Saudi Cup is perfectly positioned between the Pegasus World Cup and the Dubai World Cup to attract the best horses from around the world to compete for horse racing's richest prize. Putting the Kingdom of Saudi Arabia on the international horseracing map, the Saudi Cup will also hold an undercard of international races on both dirt and the new turf course.