Singapore Hopes To Continue Hosting Formula 1

The Singapore Grand Prix has been an exciting addition to the Formula 1 calendar since 2008, but the races for 2020 and 2021 were both cancelled due to the Covid-19 pandemic.

Main picture the Ferrari of race winner Sebastien Vettel at the Singapore Grand Prix credit Macua Photo Agency on Unsplash

The 2021 race was the last scheduled under the current agreement with Formula One management.

Singapore Transport Minister, S. Iswaran has however confirmed that negotiations are taking place to ensure that the race continues on the calendar for 2022, and beyond.

“I think we all recognise that events such as Formula One generate significant economic benefits and global branding value for Singapore.

They invigorated Singapore’s events calendar, they build our international demand and also support job creation and businesses.”

Singapore Transport Minister, S. Iswaran

The provisional F1 programme for 2022 shows the Singapore Grand Prix as the 18th round of the championship, with the race taking place on 2nd October. Changes are often made to the schedule however if contracts cannot be agreed.

Pit lane action at the Singapore Grand Prix credit Goh Rhy Yan on Unsplash
McLaren Formula 1 car at the Singapore Grand Prix credit Goh Rhy Yan on Unsplash

It is believed that the race contributes around $130 million in tourism each year. The race is reported to cost around $135 million to stage with the costs split between Singapore GP, the Singapore Ministry of Trade and Industry and the Singapore Tourism Board.

the last race, in 2019, was won by Sebastien Vettel in a Ferrari, ahead of his team mate Charles Leclerc.

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