Camel Festival Crown Prince Market Value Reaches 492M Riyals
The closing races of the Crown Prince Camel Festival 2026 have begun at the historic Al-Taif racecourse, with 114 camels competing across four main races. The total market value is estimated to be approximately 492 million riyals, according to industry experts. The value of camels in the Hail races ranges from 3 to 6 million riyals, while some can exceed 8 million riyals, depending on their lineage, achievements, and bloodlines. The event aims to enhance the economic value of camel racing, where accomplishments and pedigree play a significant role in determining the prices of the camels. The festival concludes with organization by the Saudi Camel Federation, under the patronage of Prince Mohammad bin Salman, offering prize pools exceeding 50 million riyals.
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