• Rosette Media

Singapore to host the FIA Formula One World Championship until 2028

Race will return in 2022 to reinvigorate tourism and lifestyle sectors, as well as support

local jobs and businesses, while adopting solutions to reduce its carbon footprint.

Singapore, 27 January 2022 – Formula 1, Singapore GP Pte Ltd (SGP) and the

Singapore Tourism Board (STB) are pleased to announce that Singapore will continue

to host the Formula 1 Singapore Grand Prix as part of the FIA Formula One World

Championship for another seven years, from 2022 to 2028.


The Singapore night race has been staged 12 times since its debut in 2008. About

268,000 spectators attended when it was last held in 2019, marking the second highest

attendance for the race. This affirms that the Formula 1 Singapore Grand Prix remains

one of the most highly anticipated in the racing calendar, as the first night race with a

unique street circuit that runs through the heart of the city. The Singapore race

experience is also elevated by an exciting line-up of lifestyle and entertainment

programmes that extend beyond the Circuit. Since its debut in 2008, the race has

generated more than S$1.5 billion in incremental tourism receipts and attracted more

than 550,000 unique international visitors.

The race also supports local businesses in the engineering, construction, and hospitality

sectors. 90% of the race organisation is sub-contracted annually to Singapore-based

companies, providing employment opportunities and enabling businesses to reap

economic benefits and built capabilities, while gaining exposure and new business

opportunities. Annually, some 30,000 staff, contractors and stakeholders are accredited

to work at the Marina Bay Street Circuit, with training provided to students for

operational roles within the event grounds, hospitality personnel, as well as volunteer

race marshals.


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.


Starting this year, STB and SGP will work together to reduce the carbon footprint of the

Singapore race and foster the transition to more sustainable business models.

Initiatives include switching to renewable energy sources, increasing recycling efforts

and switching to sustainable materials. Formula 1 is also exploring maximising logistics

and travel efficiency through process and volume optimisation and by using the least

carbon intensive transport available. A full sustainability audit will be undertaken, which

will guide the development of other green initiatives that will be implemented for the

rest of the new term. As part of its corporate sustainability efforts, SGP will also

continue to engage the local community, and encourage diversity amongst event

personnel and volunteers.

This is the fourth contract renewal for Singapore, and the seven-year extension is the

longest for the race to date. This will give Singapore a longer runway to capture pent-up demand as international travel recovers. It also allows STB, SGP and industry partners

to develop new experiences to meet the evolving interests of locals and visitors.

Mr S Iswaran, Minister for Transport & Minister-in-charge of Trade Relations, said:

“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, said: “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 Stefano Domenicali, President and CEO, Formula 1, said: “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 Keith Tan, Chief Executive, Singapore Tourism Board said: “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.”


About the Formula 1 Singapore Grand Prix

The Formula 1 Singapore Grand Prix organised by Singapore Pte Ltd is a global

motorsport extravaganza that has been watched by more than 930 million viewers

worldwide since 2008. As the original F1 night race, it is Asia’s only street race on the

Formula 1  calendar. With its unique combination of spectacular night racing and world class live entertainment at the picturesque Marina Bay Street Circuit, the event is

attended by more than 250,000 spectators annually on average. See the world’s finest

drivers go wheel-to-wheel under lights at speeds of up to 320km/h in the heart of

Singapore’s city centre, against a backdrop of iconic heritage buildings, modern

architecture and a stunning skyline. For more information, visit www.singaporegp.sg or

follow us @f1nightrace on Facebook, Twitter or Instagram.


About the Singapore Tourism Board

The Singapore Tourism Board (STB) is the lead development agency for tourism, one of

Singapore’s key economic sectors. Together with industry partners and the community,

we shape a dynamic Singapore tourism landscape. We bring the Passion Made Possible

brand to life by differentiating Singapore as a vibrant destination that inspires people to

share and deepen their passions. For more information, visit www.stb.gov.sg or

www.visitsingapore.com or follow us on Twitter @STB_sg (https://twitter.com/stb_sg).

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