RIYADH: The judging committee and spectators at the Camel Avenue Festival in Taif witnessed a dazzling display of over 1,900 camels in a single day, the Saudi Press Agency reported on Monday.
Since Sept. 19, camel owners have competed in 36 rounds. The festival, which ends on Oct. 1, features a total of 40 rounds and offers 300 prizes worth SR20 million ($5.3 million).
Camel festivals are valuable for heritage and economic growth, providing significant opportunities for citizens and investors in the camel industry.
The economic returns from these festivals stimulate investment and create new avenues for growth in Saudi Arabia.
Marzouq bin Fawaz Al-Dhiabi, an investor in the camel market, said that auction sales alone reached over SR6 million, while private deals among owners exceeded SR30 million.
The festival’s camel market saw more than 250 daily transactions involving a wide range of camels.
About 15,000 camels of various colors were on display, attracting investors from Saudi Arabia and the Gulf countries.
