Hail Camel Auction Sales Top $1.5 Million
Sales at a recent camel auction in Hail, Saudi Arabia, reached SR5.7 million, highlighting the cultural and economic significance of camel breeding in the Kingdom.
RIYADH: The opening week of an important camel auction event in Al-Qaid, on the outskirts of Hail, has generated significant interest and financial success.
According to the Saudi Press Agency, sales have already topped SR5.7 million ($1.5 million), marking it as one of the largest such events in the region and providing a substantial boost to the local economy.The 10-day camel auction event offers not only an opportunity for the sale of rare and distinct camel breeds but also serves as a platform for cultural and social activities, attracting visitors from across the country.
Camel breeding holds a revered position within Saudi Arabian culture and society.
Although these animals were historically essential for people's survival, they are now more valued for their prowess in competitive racing.The high demand for elite racing camels at auction is reflected in the sales figures of past camel festivals.
For instance, during the preliminary round of the 2023 Crown Prince Camel Festival, sales amounted to over SR3 billion, demonstrating the market value placed on these animals.
Additionally, one notable example of the considerable sums paid for a camel was the purchase by Dubai Crown Prince Sheikh Hamdan bin Mohammed bin Rashed al-Maktoum in 2008 of an exceptionally rare breed for more than $2.7 million, as reported by WAM news agency.This recent camel auction in Hail not only contributes financially to the local community but also preserves and promotes Saudi Arabia's rich tradition and cultural heritage related to camel breeding.
According to the Saudi Press Agency, sales have already topped SR5.7 million ($1.5 million), marking it as one of the largest such events in the region and providing a substantial boost to the local economy.The 10-day camel auction event offers not only an opportunity for the sale of rare and distinct camel breeds but also serves as a platform for cultural and social activities, attracting visitors from across the country.
Camel breeding holds a revered position within Saudi Arabian culture and society.
Although these animals were historically essential for people's survival, they are now more valued for their prowess in competitive racing.The high demand for elite racing camels at auction is reflected in the sales figures of past camel festivals.
For instance, during the preliminary round of the 2023 Crown Prince Camel Festival, sales amounted to over SR3 billion, demonstrating the market value placed on these animals.
Additionally, one notable example of the considerable sums paid for a camel was the purchase by Dubai Crown Prince Sheikh Hamdan bin Mohammed bin Rashed al-Maktoum in 2008 of an exceptionally rare breed for more than $2.7 million, as reported by WAM news agency.This recent camel auction in Hail not only contributes financially to the local community but also preserves and promotes Saudi Arabia's rich tradition and cultural heritage related to camel breeding.
