• The Richard Mille AlUla Desert Polo 2022 got under way in the Saudi Arabia's north-western city. All photos: AFP
    The Richard Mille AlUla Desert Polo 2022 got under way in the Saudi Arabia's north-western city. All photos: AFP
  • It is the first modern polo tournament in the world to be staged in the desert.
    It is the first modern polo tournament in the world to be staged in the desert.
  • The event brought together polo patrons and professionals from around the world.
    The event brought together polo patrons and professionals from around the world.
  • French entrepreneur and polo player Jean-Francois Decaux, right, takes part in the tournament.
    French entrepreneur and polo player Jean-Francois Decaux, right, takes part in the tournament.
  • Four teams took part in the tournament in a specially designed arena.
    Four teams took part in the tournament in a specially designed arena.
  • Women riders also showed their skills.
    Women riders also showed their skills.
  • A handout picture released by the AlUla Desert Polo 2022 on February 11, 2022, shows a woman rider showing her skills ahead of a polo tournament held in Saudi Arabia's northwestern city of al-Ula, with a backdrop of the ancient city's carved rock formations. - This unique event is the only modern polo tournament in the world to be staged in a desert environment. Richard Mille AlUla Desert Polo will see four teams clash in a specially-designed arena in an epic tournament weekend. Featured members include those of the world-famous La Dolfina polo outfit from Argentina. Each leading a team, ten goalers Adolfo Cambiaso, Pelon Stirling and Pablo Mac Donough, as well as six-goal player and the face of Ralph Lauren Black, Nacho Figueras go head-to-head. (Photo by Iman Al-Dabbagh / AlUla Desert Polo 2022 / AFP) / RESTRICTED TO EDITORIAL USE - MANDATORY CREDIT "AFP PHOTO /ALULA DESERT POLO 2022 " - NO MARKETING - NO ADVERTISING CAMPAIGNS - DISTRIBUTED AS A SERVICE TO CLIENTS
    A handout picture released by the AlUla Desert Polo 2022 on February 11, 2022, shows a woman rider showing her skills ahead of a polo tournament held in Saudi Arabia's northwestern city of al-Ula, with a backdrop of the ancient city's carved rock formations. - This unique event is the only modern polo tournament in the world to be staged in a desert environment. Richard Mille AlUla Desert Polo will see four teams clash in a specially-designed arena in an epic tournament weekend. Featured members include those of the world-famous La Dolfina polo outfit from Argentina. Each leading a team, ten goalers Adolfo Cambiaso, Pelon Stirling and Pablo Mac Donough, as well as six-goal player and the face of Ralph Lauren Black, Nacho Figueras go head-to-head. (Photo by Iman Al-Dabbagh / AlUla Desert Polo 2022 / AFP) / RESTRICTED TO EDITORIAL USE - MANDATORY CREDIT "AFP PHOTO /ALULA DESERT POLO 2022 " - NO MARKETING - NO ADVERTISING CAMPAIGNS - DISTRIBUTED AS A SERVICE TO CLIENTS
  • Spectators had a great time watching players show their talent.
    Spectators had a great time watching players show their talent.
  • Members of the Saudi polo team celebrate with their trophy.
    Members of the Saudi polo team celebrate with their trophy.

Saudi Arabia to build on equestrian legacy after world's only desert polo tournament


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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.”

  • Saudi Arabia's Prince Salman Bin Mansour was among the competitors in the AlUla Desert Polo event, the only modern polo tournament to be staged in a desert environment. All photos: AFP
    Saudi Arabia's Prince Salman Bin Mansour was among the competitors in the AlUla Desert Polo event, the only modern polo tournament to be staged in a desert environment. All photos: AFP
  • Four teams took part in the event in Saudi Arabia's north-western city of AlUla.
    Four teams took part in the event in Saudi Arabia's north-western city of AlUla.
  • Prince Salman Bin Mansour, left, and Saudi scientist Hosam Zawawi on their horses.
    Prince Salman Bin Mansour, left, and Saudi scientist Hosam Zawawi on their horses.
  • Hosam Zawawi competes in the tournament, which was returning after a two-year coronavirus hiatus.
    Hosam Zawawi competes in the tournament, which was returning after a two-year coronavirus hiatus.
  • A chukka takes place against the spectacular mountain backdrop of AlUla.
    A chukka takes place against the spectacular mountain backdrop of AlUla.
  • Spectators enjoy the action at the Unesco world heritage site.
    Spectators enjoy the action at the Unesco world heritage site.
  • There were four matches in the specially designed arena.
    There were four matches in the specially designed arena.
  • Members of the AlUla polo team celebrate their victory in the tournament.
    Members of the AlUla polo team celebrate their victory in the tournament.
  • French entrepreneur Jean-Francois Decaux was among the invited competitors.
    French entrepreneur Jean-Francois Decaux was among the invited competitors.
  • Uruguayan player David Stirling Jr prepares to take part in a match.
    Uruguayan player David Stirling Jr prepares to take part in a match.
  • Jean-Francois Decaux, right, in the thick of the action.
    Jean-Francois Decaux, right, in the thick of the action.
  • Teams competing in the arena specially built for the event.
    Teams competing in the arena specially built for the event.
  • David Stirling on his mount ready for a match in the desert of AlUla.
    David Stirling on his mount ready for a match in the desert of AlUla.
  • A team talk for Prince Salman Bin Mansour, left, and Hosam Zawawi.
    A team talk for Prince Salman Bin Mansour, left, and Hosam Zawawi.

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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More than 3.5 million Indians reside in UAE
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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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Company profile

Company: Eighty6 

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Founders: Abdul Kader Saadi and Anwar Nusseibeh 

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Profile of Hala Insurance

Date Started: September 2018

Founders: Walid and Karim Dib

Based: Abu Dhabi

Employees: Nine

Amount raised: $1.2 million

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RESULTS

Catchweight 82kg
Piotr Kuberski (POL) beat Ahmed Saeb (IRQ) by decision.

Women’s bantamweight
Corinne Laframboise (CAN) beat Cornelia Holm (SWE) by unanimous decision.

Welterweight
Omar Hussein (PAL) beat Vitalii Stoian (UKR) by unanimous decision.

Welterweight
Josh Togo (LEB) beat Ali Dyusenov (UZB) by unanimous decision.

Flyweight
Isaac Pimentel (BRA) beat Delfin Nawen (PHI) TKO round-3.

Catchweight 80kg​​​​​​​
Seb Eubank (GBR) beat Emad Hanbali (SYR) KO round 1.

Lightweight
Mohammad Yahya (UAE) beat Ramadan Noaman (EGY) TKO round 2.

Lightweight
Alan Omer (GER) beat Reydon Romero (PHI) submission 1.

Welterweight
Juho Valamaa (FIN) beat Ahmed Labban (LEB) by unanimous decision.

Featherweight
Elias Boudegzdame (ALG) beat Austin Arnett (USA) by unanimous decision.

Super heavyweight
Maciej Sosnowski (POL) beat Ibrahim El Sawi (EGY) by submission round 1.

Most sought after workplace benefits in the UAE
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Updated: February 22, 2022, 3:15 AM