Bangkok wants to reveal to Formula 1: Mega plans by 2028!

Bangkok wants to reveal to Formula 1: Mega plans by 2028!

Bangkok, Thailand - Thailand takes ambitious steps to establish a Formula 1 location by 2028. The Thai Prime Minister Paetongtarn Shinawatra recently held talks with Stefano Domenicali, the CEO of Formula 1, during the Grand Prix of Monaco. The prospect of a city course in Bangkok was discussed, which could be a promising economic perspective for the country. It is expected that the Formula 1 Grand Prix could generate up to $ 600 million in income, which causes the government to consider this project as an important economic factor.

The focus of the planning is an approximately six-kilometer city course, which should run through the Chatuchak district in Bangkok. Prime Minister Shinawatra emphasizes that the event could not only modernize the city's infrastructure, but could also boost international tourism. A feasibility study should now investigate how the project can be implemented, including the route and the necessary investments in order to meet the strict requirements of Formula 1.

optimism and challenges

Stefano Domenicali was optimistic about the plans and the opportunity to include Thailand in the Formula 1 calendar. The current racing calendar already comprises 24 events worldwide, including four in the Asia-Pacific region. But there are challenges that have to be mastered: The dense development and traffic in Bangkok and the necessary investments represent significant challenges. However, Thailand can look back on experiences with international motorsport events, such as the Chang International Circuit in Buriram, which is a FIA-certified route.

The way to Formula 1 could in line Thailand into a number of significant sports events that not only attract millions of spectators, but also have a significant economic influence. Motorsport events are considered economic heavyweights with global radiance, since they can generate millions of sales by infrastructure expansion, tourism and sponsorship contracts. In fact, the Formula 1 million of spectators is attracted worldwide, and large races like the Monaco Grand Prix have an economic effect of up to $ 100 million.

economic effect of motorsport

Formula 1 is not only the commercial flagship in international motorsport, but also acts as a test field for technological innovations and sustainable mobility. In view of the global charisma of the races, the influence on the economy and tourism will be enormous in the venues. Motorsport events offer cities the opportunity to position themselves as international travel destinations and thus strengthen the regional economy.

With such an ambitious project, Thailand could be on the best way to become an integral part of the international motorsport landscape. While the preparations continue to progress, it remains to be seen how the conversations and planning will develop and what specific steps will be undertaken in the near future. Formula 1 could be offered new perspectives in another up -and -coming market, which is likely to look forward to both fans and business operators in Thailand.

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