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).