Singapore has won the right to host the annual finale of the women’s tennis season from 2014 until 2018.

The country will host the WTA Championships with prize money increasing to a record 6.5 million USD after Turkey ’s Istanbul ends its three-year stint in October.

The top eight singles and doubles pairs over the season qualify for the event, which will take place at the Singapore Sports Hub.

Construction of a complex serving the event is scheduled to be completed by the first quarter of 2014 at a cost of 1.33 billion SGD (roughly 1.1 billion USD).

The complex will feature a 55,000-seater stadium with retractable roof, a 13,000 Indoor Stadium, aquatics and water sports centres. It will also be the venue for other international- and regional-level sports and entertainment events.-VNA