The winners of an Arab club competition will take home $7.5 million as the head of the Union of Arab Football Associations (UAFA) Turki Al-Sheikh revealed on Saturday hefty prize money for the annual regional tournament.

Al-Sheikh also said during a draw for the Zayed Champions Cup round of 16 in Saudi capital Riyadh that the runners-up will earn $4 million.

"The other teams will also receive valuable prizes," added Al-Sheikh, who is also the head of Saudi Arabia's General Sports Authority.

The prize money announced is only second to the prestigious UEFA Champions League in club competitions, with the European governing body giving the winner $19 million.

The Arab tournament prize money is more lucrative than some famed continental competitions, including the South American Copa Libertadores ($6 million for the winners), the Asian Champions League ($4 million) and the African Champions League ($2.5 million).

Egypt has four representatives in the Zayed Cup - Ahly, Zamalek, Ittihad and Ismaily.

The quartet advanced to the last 16, with the draw pitting Ahly against Emirati club Al-Wasl, Ismaily against Morocco's Raja Casablanca and Zamalek against Ittihad in an all-Egyptian encounter.

Although the regional tournament is not recognized by world governing body FIFA, Egyptian clubs often opt to take part because of its unmatched financial rewards.

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