https://www.bbc.com/sport/snooker/50706643quote:Saudi Arabia will host a ranking event for the first time next season after a 10-year deal was agreed with World Snooker.
The Saudi Arabia Snooker Masters will take place in Riyadh from 4-10 October 2020 with total prize money of £2.5m. The champion will receive £500,000, the same amount as the winner of the World Championship.
"This is a giant leap forward for our sport," said World Snooker chairman Barry Hearn. "Snooker has grown to such an extent that we are now creating exceptional tournaments at this level."