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Crown Prince Camel Festival boosts million-dollar deals
The 2026 Crown Prince Camel Festival witnessed an unprecedented increase in the value of the camel trading market, with transaction values exceeding 60 million Saudi riyals thanks to numerous disclosed and undisclosed deals. The most prominent transactions included the purchase of the Musa Al Musa "Al Zaeem" male by the festival’s cup for 3 million riyals, and the sale of camels "Sulatain Al Rifadah" and "Waad" for 2 million riyals each, along with other sales exceeding one million riyals. This activity reflects significant investment, as the festival has become a key pillar of the camel industry’s economy. It is also believed that these deals indicate the market’s shift towards long-term strategies and fierce competition, with the market value of purebred camels continuously increasing, supported by unprecedented backing from the Saudi leadership.
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