The UAE is a global equestrian sports hub and has spent almost $572m (AED2.1bn) on the training of racehorses, said Abdullah bin Touq Al Marri, Minister of Economy.
Speaking at the third edition of the Dubai Equestrian Forum oat Dubai’s iconic Meydan Racecourse, he highlighted the annual spend of equestrian clubs in the UAE.
“The UAE boasts a resilient and competitive investment environment underpinned by a robust and developed infrastructure in a variety of economic and commercial sectors, including activities related to the horse industry,” said Al Marri while addressing the forum.
UAE equestrian spending
“Nearly $572m (AED2.1bn) has been spent on training racehorses, and the average annual expenditure of equestrian clubs in the country has reached $100m (AED367m),” he added.
The two-day edition of the forum is jointly hosted by Dubai Racing Club and Dubai Equestrian Club.
“The main objective of hosting this event is to meet with various equestrian suppliers from around the world and to give them a chance to showcase their products to what remains a huge market here in the region.
“I encourage everyone to get involved and come and visit the forum, which will further strengthen Dubai’s position as a top-class equestrian regional hub,” said Major General Dr. Mohammed Essa Al Adhab, General Manager of Dubai Racing Club and Dubai Equestrian Club.
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