Saudi Arabia offers a $1.3 million prize for its first Olympic gold medal.
Saudi Arabia has never won an Olympic gold medal and aims to do so by offering a $1.3 million prize to the athlete who achieves this. This surpasses the amounts awarded by the US Olympic Committee for gold, silver, and bronze medals. Other nations like Hong Kong, Philippines, and South Korea also incentivize their athletes with substantial rewards, non-financial incentives, and exemptions for their victory in the Olympics.
August 26, 2024
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