Camels, once the foundation of the Saudi economy for 3,000 years before oil, continue to be a major economic force today, with approximately 2.1 million camels contributing $13 billion annually to Saudi Arabia's economy through racing, breeding, and cultural events like the King Abdulaziz Camel Festival, which attracts 38,000 camels and over $18 million in prize money.
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The $13B Business...of Camels!Added:
Camels are multi-billion dollar industry in Saudi Arabia, and most people have no idea. For 3,000 years before oil, before highways, before any of this, the camel was the entire Saudi economy. A single camel could carry 400 kilos across desert terrain without water for weeks.
That would kill a horse in days. The camel made the Arabian Peninsula crossable, and whoever owned the most camels controlled the trade. Then oil was discovered in 1938, and overnight [music] camels went from economic engine to cultural symbol. But see, Saudi Arabia never stopped taking them seriously.
Today, there are about 2.1 million camels in Saudi, contributing $13 billion every year to the national economy. [music] The government has invested over $267 million in camel research, breeding, and production. Camel racing alone is a massive business. The King Abdulaziz Camel Festival, held every year outside Riyadh, attracts 38,000 [music] camels and over $18 million in prize money. A single prize-winning camel can sell for over $10 million. So, while everyone is watching the multi-billion dollar mega projects, the next Saudi export might just be standing in the desert the whole time.
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