US$20 million up for grabs in world’s richest horse race

SAUDI Arabia this week hosts the world’s richest horse race,  with US$20 million (RM84 million) in cash prizes on offer in the latest international sports extravaganza designed to boost its battered global image.

The ultra-conservative kingdom has in recent years invested heavily in sporting events, in a soft power push designed to project a more moderate image and jettison a reputation for rights abuses and the export of hard-line ideology.