Bangkok F1 Race 2028: $1.23 Billion Deal Approved | Thailand
Thailand is gearing up to host a Formula 1 race in Bangkok as early as 2028, injecting a notable boost to its tourism sector. A $1.23 billion deal has been approved, with plans for a street circuit near Krung Thep Aphiwat station and Chatuchak Park. The government aims to secure five races through 2032, highlighting its commitment to world-class events.With the Formula 1 calendar reshuffling and new races emerging, Bangkok’s bid positions them for global prominence. The discussions between Prime Minister paetongtarn Shinawatra and F1 CEO Stefano Domenicali further demonstrate the country’s dedication to the project. This news, brought to you by News Directory 3, reveals Thailand’s ambitions in the world of Motorsport. The Formula 1 role is undeniable. Discover what’s next …
Thailand Eyes Formula 1 Race in Bangkok by 2028
thailand’s cabinet has given the green light to a bid to bring Formula 1 to the streets of Bangkok as early as 2028. The move highlights the country’s ambition to host world-class events and boost it’s tourism sector. The Formula 1 role in attracting global attention is a key factor.
Government spokesman Jirayu houngsub announced Tuesday that the initial proposal aims to secure five races between 2028 and 2032.The investment is estimated at $1.23 billion, according to Tourism Minister Sorawong Thienthong.
The proposed 3.54-mile street circuit would be situated north of the city centre, between Krung Thep Aphiwat Central Terminal Station and Chatuchak Park.
Prime Minister Paetongtarn Shinawatra’s attendance at the Monaco Grand Prix last month underscores Thailand’s commitment. She has held multiple discussions with F1 CEO Stefano Domenicali regarding the bid.
With Formula 1 announcing a packed 24-race calendar for 2026, including Madrid and the potential exits of races like the Dutch Grand Prix and Barcelona, Thailand’s bid comes at a time of calendar reshuffling. The Belgian Grand Prix at Spa-Francorchamps may also become a biennial event.
F1 also announced Tuesday that the Canadian Grand Prix in Montreal extended its contract until 2035, while Miami’s deal runs through 2041.
What’s next
If successful, Bangkok would join the ranks of major cities hosting Formula 1, further solidifying the sport’s global presence and providing a meaningful boost to Thailand’s economy and international profile.The Formula 1 role in global sports is undeniable.