Asiapromote reported:

Asiapromote Ventures Sdn Bhd has proudly organised the CSI 5-Star KL Grand Prix successfully to world acclaim since 2003. During that time, the event has attracted the world’s best riders and placed Malaysia on the international calendar for equestrian sports. We are proud to note that the KL Grand Prix has won an international award and generated significant tourism revenue.

However, circumstances beyond our control have impacted our planning and organisation of the KL Grand Prix this year.  The economic storms raging across the globe have caused market forces to reshape the landscape.  A number of top equestrian events and sporting events in the world have fallen victim to this global onslaught.

Having deliberated and consulted with relevant stakeholders, Asiapromote has decided that it is in the best interest of all parties that the event be postponed.  We cannot, in all conscience, delay any longer in making this decision.

Asiapromote has built its reputation based on meeting our exacting standards for this 5-star event, and will not compromise on the quality of the event we produce.  Following this, the decision taken has been calculated to protect the integrity of the KL Grand Prix, Asiapromote, Malaysia and the sport.

We are pleased to confirm that funding is in now place for the KL Grand Prix to be staged from March 4 to 7, 2010.  

We would like to thank our sponsors, partners, participants and officials, and the media for their continuing support and promise a special and successful KL Grand Prix in March 2010.