Formula 1 has today announced that the Formula 1 Singapore Grand Prix will continue to be held at the Marina Bay Street Circuit for another seven years. The multi-year extension between Formula 1, Singapore GP Pte Ltd (SGP) and the Singapore Tourism Board (STB) will see the FIA Formula One World Championship continue to visit the city from 2022 to 2028 inclusive.
Singapore Grand Prix Contract Extended
While it has not been possible to return to Singapore in 2020 and 2021, due to the global pandemic, the whole sport cannot wait to be back in the iconic city racing on one of the most challenging circuits on the Formula 1 calendar. After a two-year break, we know the fans will be delighted to welcome us back as they have year after year since the first race in 2008.
Sustainability will feature prominently in future races, with the STB and SGP working together to reduce the carbon footprint of the Singapore race as part of a transition to more sustainable business models and to be in line with the sustainability goals of Formula 1. Initiatives include switching to renewable energy sources, increasing recycling efforts and switching to sustainable materials. A full sustainability audit will be undertaken, guiding development of other green initiatives that SGP will implement throughout the new term. SGP will also continue to engage the local community and promote diversity amongst event personnel and volunteers.
In the lead up to the 2022 race, all parties will work closely together with relevant government agencies and industry stakeholders to refine and implement appropriate protocols to prioritise the health and safety of all participants, staff, fans, and the community.
Stefano Domenicali, President and CEO, Formula 1
“I am delighted that Formula 1 will continue to race in Singapore for another seven years. 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.”
Mr S Iswaran, Minister for Transport & Minister-in-charge of Trade Relations
“Even as we deal with the immediate challenges of the pandemic, it is important that we focus on our recovery and long term growth. The Singapore F1 race continues to be a strong focal point for tourists, global events and business meetings. We have decided to continue hosting the F1 race for another 7 years, after thoroughly evaluating the long term benefits that a term extension could bring to Singapore. The renewal will help sustain 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. We will ensure that this year’s and future races, as large scale international sporting events, are COVID-safe, informed by the prevailing pandemic situation and public health assessment. We will also work with all stakeholders to ensure the Singapore race is sustainable. We are grateful for the continued support of fans and the local community as we work closely with Formula 1 Management, Singapore GP, and our partners to make the Singapore race even more exciting and memorable, and sustain its position as an iconic event on the F1 calendar.”
Mr Ong Beng Seng of Singapore GP
“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.”
Mr Keith Tan, Chief Executive, Singapore Tourism Board
“We are proud to continue to host the Singapore Grand Prix for another seven years. It is an experience like no other in the world that reinforces Singapore’s position as a vibrant and exciting global city. STB welcomes the opportunity to work with our partners to introduce new ideas and concepts to enhance the race experience and to make the entire event one of the most environmentally sustainable street circuits in the F1 calendar. We look forward to welcoming international travellers back to Singapore in 2022 for the race, and encourage them to also explore our new and reimagined offerings.”