Madrid gets ready: Formula 1 returns in 2026 with new tracks!

Madrid gets ready: Formula 1 returns in 2026 with new tracks!

Madrid is planning a Formula 1 comeback with the first Grand Prix since 1981, scheduled to take place in September 2026. Preparations for this spectacular event will begin this year: construction work on the route is scheduled to start in May 2025. This was stated in an official report by Laola1 announced.

For this purpose, those responsible have signed a construction contract with the companies ACCIONA/ESP and Eiffage Construction/FRA. Although the planned route length is 5.47 kilometers, construction permits still need to be obtained in order to meet the schedule. These steps are crucial in order to be able to realize the return of Formula 1 to Madrid as planned.

Economic stimulus for Madrid

The President of the Madrid Region, Isabel Diaz Ayuso, sees the Formula 1 event as a great opportunity for the region. The event is expected to be watched by over 70 million people worldwide and could result in a GDP increase of over €450 million per year. The event is also expected to create around 8,200 new jobs. Ayuso emphasizes the region's international appeal and competitiveness, while Madrid Mayor Jose Luis Martinez-Almeida sees the Grand Prix as a step towards the city's future.

Under current plans, Madrid will soon be part of the exclusive group of cities hosting F1 events. Formula 1's comeback is seen as an excellent opportunity to drive Madrid's transformation and showcase the city's capabilities on an international level, similar to what the Red Bull Ring in Austria achieves with its events and the economic importance they bring.

Comparison with the Red Bull Ring

The Red Bull Ring, located in Spielberg, Austria, is an example of how a Formula 1 event can bring enormous economic benefits. According to a report, Formula 1 generates over $2 billion annually from ticket sales, sponsorships and media rights. This event not only made the Red Bull Ring an important venue, but also contributed to the creation of jobs and increased regional economic strength.

The event at the Red Bull Ring brings around 200 million euros into the region every year and increases the number of overnight stays and restaurant visits. These positive effects demonstrate the economic support that Madrid can also expect from the return of Formula 1.

The Formula 1 race is not only an outstanding sporting event, but will also make a significant contribution to economic development and the creation of a positive image for Madrid. Anticipation for 2026 is growing as both the government and the sporting world eagerly await developments.