Singapore signs contract with Formula 1 to host races for next seven years

(Motorsport) Ever since the Singapore Grand Prix made its debut in 2008, it has become one of Formula 1’s most high profile events on the calendar. The venue has not hosted an F1 race in the last year due to the pandemic but has now signed a contract starting from 2022 to 2028 at the Marina Bay Circuit. The extension was agreed between Formula 1, Singapore GP Pte Ltd (SGP) and the Singapore Tourism Board (STB).

Future races at the venue will place a great emphasis on sustainability with the SGP and STP working together to reduce the carbon footprint of the event as Formula 1 has committed to becoming net-zero carbon as a sport by 2030. A statement revealed that more sustainable business models will be adopted to be in line with the sustainability goals of Formula 1 with initiatives such as recycling efforts and using sustainable materials to reduce the carbon emissions of the event.

Formula 1 President and CEO Stefano Domenicali said “I am delighted that Formula 1 will continue to race in Singapore for another seven years. The Marina Bay Street Circuit hosted the first night race in F1 history in 2008, and Singapore has continued to thrill fans, teams, and drivers ever since. Singapore holds a special place on the F1 calendar, and this extension is part of our long-term commitment to continue to grow the sport in Asia. The plans that are in place to reduce the carbon footprint of the event are impressive and align with our plans to be Net Zero Carbon as a sport by 2030 and I look forward to continuing our successful relationship with Singapore GP and the Singapore Tourism Board as Formula 1 returns to this incredible city."

Singapore GP's Chairman Mr Ong Beng Seng added: "We are very pleased that the night race will continue for seven more years. After more than a decade of celebrating this spectacular event on the racing calendar, we are looking forward to building on its success and working with Formula 1 as well as its partners to take the night race to greater heights. We are delighted that this marquee event will demonstrate how Singapore is open for business. We look forward to welcoming both local and overseas fans and visitors to the Marina Bay Street Circuit once again."

The 2022 Singapore Grand Prix will be held on 2nd October.

Also read: FIA planning new race management structure after Abu Dhabi GP controversy


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