DUBAI WORLD CUP IS THE WORLD'S RICHEST HORSE RACE.Dubai's Meydan Racecourse is able to accommodate over 60,000 spectators in a 1 mile long grandstand. When not used for races it will serve as a business and conference integrated facility. A horse racing museum and gallery are also planned. The development also includes an 9-hole Dubai golf course. The 7.5 million sq. m Meydan Racecourse includes Meydan Marina, The Meydan — the world's first 5-star trackside Dubai hotel with 285 rooms, 2 race tracks and the Grandstand, which comprises a hotel, restaurants, a racing museum and 72 corporate suites for entertaining throughout the year. It has a 2,400 metre left-handed turf race track and a left-handed 8.75-furlong (1,750 metres) Tapeta synthetic dirt course. It operates from November through March and features the Winter Racing Challenge, Dubai International Racing Carnival and the Dubai World Cup Night. The Dubai World Cup is the world's richest race day with over US $ 26.25 Million in Prize Money.The Racecourse district occupies 67 million square feet (620 ha), the overall Meydan City development however is 200 million square feet (1,900 ha). It is divided into four sub-districts: Meydan Racecourse, Meydan Metropolis, Meydan Horizons, and Meydan Godolphin Parks.Meydan racecource will be officially open on March 27, 2012, replacing Nad Al Sheba Racecourse which formerly occupied the same site.Meydan is the culmination of the vision of Sheikh Mohammad bin Rashid Al Makhtoum; UAE Vice President and Prime Minister and Ruler of Dubai. Chairman of the Board and CEO of Meydan is Saeed Humaid Al Tayer, two other Board Members include Vice Chairman Ahmad Al Shaikh and Malih Lahej Al Basti.