After the roaring success of two polo tournaments this year, Saudi Arabia is looking for other ways to solidify the presence of equestrian events in the kingdom.
The second edition of Richard Mille AlUla Desert Polo — the only modern polo tournament in the world to be staged in a desert environment — took place on February 11 at AlUla, Saudi Arabia’s first Unesco World Heritage Site. It formed part of the Royal Commission for AlUla’s commitment to reinforce Saudi Arabia’s cultural relationship with art and its horsemanship heritage.
Twelve players from four teams faced off over the two-day event, a mixture of professionals and invitees.
There is a long-standing connection between equine culture and AlUla’s heritage, the Director of Special Initiatives at the Royal Commission for AlUla, AbdulRahman Alsuwaidan tells The National. The commission is working on “connecting and preserving” this legacy.
Last month, AlUla hosted two major equestrian events — The Custodian of the Two Holy Mosques Endurance Cup 2022 and the Richard Mille AlUla Desert Polo. Mr Alsuwaidan said these world class events are part of a larger, long-term commitment to develop the equestrian sector to the highest global standards with the view to making AlUla an international destination for equestrian sport and tourism.
Polo is a new sport in the kingdom, but the kingdom has experience of bringing in big international sporting events, such as F1, boxing, football games, among other events. Known as the “sport of kings” the Richard Mille AlUla Desert Polo invited 18-year-old Saudi Prince Salman bin Mansour Al Saud to participate at the event. The award winning “Polo Prince” won the Most Promising Talent award.
Mr Alsuwaidan said the Royal Commission of AlUla plans to work closely with authorities and sports federations in relation to the equine industry.
“Our aim is to create a sustainable economic sector covering three main pillars which are develop human capabilities and partner with key organisations and industry players, introducing and applying the best policies and standards for equine facilities and activities and developing priority equine facilities and infrastructure,” he said.
In line with this ambition, he said, the kingdom hopes to host the FEI Endurance World Championships.
“With that, there would be a great opportunity across many areas for the local economy in AlUla. It’s a new era for sport in the kingdom, and to stage such an event would require a stellar infrastructure.
"That is why a lot of our core objectives at present are focused on best practice in terms of animal welfare and all-round competition organisation. With our infrastructure, the sports and leisure experiences for horse lovers, we are focusing on delivering opportunities to the local communities, creating skilled jobs for people which no doubt will be at the centre of developing AlUla as a must-visit destination.”
The equestrian sector is a key pillar of the RCU's longer-term strategy, highlighting the monumental beauty of AlUla as a place that is unique in the Arabian Peninsula.
He said polo has undergone a major transformation globally as participation among women in polo has increased and “women have taken on more active and prominent positions in the sport".
“There is so much talent in the kingdom, and our aim is to increase participation and inspire the next generation of athletes,” he added.
The Saudi Polo Federation intends to continue to work to increase the profile and interest in desert polo and in the AlUla Desert Polo event, he said.
UPI facts
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Ten tax points to be aware of in 2026
1. Domestic VAT refund amendments: request your refund within five years
If a business does not apply for the refund on time, they lose their credit.
2. E-invoicing in the UAE
Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption.
3. More tax audits
Tax authorities are increasingly using data already available across multiple filings to identify audit risks.
4. More beneficial VAT and excise tax penalty regime
Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.
5. Greater emphasis on statutory audit
There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.
6. Further transfer pricing enforcement
Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes.
7. Limited time periods for audits
Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion.
8. Pillar 2 implementation
Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.
9. Reduced compliance obligations for imported goods and services
Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations.
10. Substance and CbC reporting focus
Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity.
Contributed by Thomas Vanhee and Hend Rashwan, Aurifer
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