Bangkok Set to Rev Up with Formula 1 Grand Prix from 2028 in $1.2 Billion Deal

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The roar of Formula 1 engines is set to electrify the streets of Bangkok as Thailand’s Cabinet has given the green light to a colossal $1.2 billion agreement to host the prestigious Grand Prix from 2028 through 2032. The groundbreaking five-year deal promises to transform the Thai capital into a global motorsport spectacle, drawing immense international attention and delivering a significant boost to tourism and the national economy.

The ambitious plan, which received cabinet approval, involves an investment of approximately 40 billion baht ($1.23 billion USD), underscoring the government’s strong commitment to establishing Thailand as a premier destination for world-class events. For half a decade, Bangkok will witness annual street races, showcasing its iconic cityscapes to a global audience of millions.

Prime Minister Srettha Thavisin has been a key advocate for bringing F1 to Thailand, engaging in high-level discussions with Formula 1 CEO Stefano Domenicali. The proposed street circuit is expected to weave through prominent areas of Bangkok, with early discussions pointing towards a thrilling layout near the Chatuchak district, potentially incorporating landmarks around Krung Thep Aphiwat Central Terminal Station and its surrounding green spaces.

The economic implications are monumental. The influx of international visitors, teams, and media personnel is projected to inject billions into the local economy, creating jobs across various sectors, from hospitality and retail to transportation and entertainment. Beyond the immediate financial gains, the global broadcast of the Bangkok Grand Prix will serve as an unparalleled marketing platform, showcasing Thailand’s vibrant culture and breathtaking scenery to a worldwide audience.

“This is a game-changer for Thailand,” stated a government spokesperson. “Hosting Formula 1 aligns perfectly with our vision to enhance the country’s appeal as a global tourism and events hub. We are confident that the Bangkok Grand Prix will not only be a thrilling experience for motorsport enthusiasts but also a catalyst for sustainable economic growth and international recognition.”

While cabinet approval marks a critical step, the final proposal is still to be submitted to the Fédération Internationale de l’Automobile (FIA), Formula 1’s governing body, for official calendar inclusion. However, with the Thai government’s robust financial backing and enthusiastic political will, the prospect of an F1 race in Bangkok looks increasingly like a done deal.

Motorsport fans can now eagerly anticipate watching their favorite teams and drivers navigate the historic and modern avenues of Bangkok, making the city a vibrant new jewel in the Formula 1 crown. Get ready, world – the Land of Smiles is about to get a whole lot faster.