SINGAPORE: A contract for Singapore to host the Formula 1 Grand Prix for another seven years has been signed, with the event set to return to the streets of Marina Bay from September 30 to October 2 after a two-year absence due to COVID- 19 pandemic.
This is the fourth contract renewal for Singapore, and the seven-year extension is the longest in the race to date, the Singapore Tourism Board (STB) and race organizer Singapore GP said on Thursday (January 27th). .
“We have decided to continue hosting the F1 race for another seven years, after carefully assessing the long-term benefits that a term extension could bring to Singapore,” the Minister for Transport and Minister responsible for Trade Relations said. , S Iswaran.
“The renewal will help maintain Singapore’s reputation as a global city with a vibrant lifestyle, attracting international visitors as travel rebounds and generating business revenue and jobs for Singaporeans,” he said. added.
“We will ensure that this year’s and future races, as large-scale international sporting events, are COVID-safe, informed by the current pandemic situation and public health assessment.”
The Singapore Grand Prix night race has been canceled in 2020 and 2021 after being scheduled as part of the Formula 1 racing schedule.
Singapore GP vice-chairman Colin Syn said last year that the cancellation of the 2021 race had been made “in light of the restrictions in place for live events in Singapore”, while taking account of the health and safety of fans, contractors, volunteers and staff members.
In November last year, Mr Iswaran told a press conference that talks were underway over a contract for a new racing term in Singapore.
“I think we all recognize that events, such as Formula 1, generate significant economic benefits and global brand value for Singapore. They invigorate Singapore’s event calendar, they strengthen our international demand and also support the creation jobs in companies,” he said at the time.
The last edition of the Singapore Grand Prix, held in September 2019, saw Ferrari’s Sebastian Vettel take the checkered flag ahead of teammate Charles Leclerc.