F1 and Singapore GP have signed a brand new deal which will keep the grand prix going until the 2028 season from 2022 onward.
Having missed the chance to host the races in 2020 and 2021 F1 seasons due to COVID-19 pandemic, both the race and championship organisers have worked together to stitch up a new deal of seven years for Singapore GP to remain on the calendar.
It starts from 2022 season as it pushes on to return this year and will remain on the calendar until the 2028 season. This is the fourth contract renewal between the two parties as Singapore GP remains the first-ever night event in F1 history.
In a press release, Singapore GP notes of generating more than S$1.5 billion in incremental tourism receipts since the first event in 2008. Looking ahead to the 2022 F1 return, they are working closely for maximum people to attend amid health protocol.
The release also notes of Singapore GP working on a sustainable business model by reducing the carbon footprint. “I am delighted that Formula 1 will continue to race in Singapore for another seven years,” said Stefano Domenicali. “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.”
At the same time, Ong Beng Seng of Singapore GP, noted: “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.”