SINGAPORE: A contract for Singapore to host the Formula 1 Grand Prix for another seven years has been signed, with the event set to return to the streets of Marina Bay in September after an absence of two years due to the COVID-19 pandemic, the Singapore Tourism Board announced on Thursday (Jan 27).
"We have decided to continue hosting the F1 race for another seven years, after thoroughly evaluating the long term benefits that a term extension could bring to Singapore," said Transport Minister and Minister-in-charge of Trade Relations S Iswaran.
"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."
The Singapore Grand Prix was cancelled in 2020 and 2021 after it was scheduled as part of the Formula 1 race calendar.
Mr Colin Syn, deputy chairman of race organiser Singapore GP, had said last year that the 2021 race cancellation was made “in light of the prevailing restrictions for live events in Singapore”, while taking into consideration the health and safety of fans, contractors, volunteers and staff members.
In November last year, Mr Iswaran said during a press conference that discussions were ongoing on a contract for a new term of the race in Singapore.
“I think we all recognise that events, such as the Formula One, generate significant economic benefits and global branding value for Singapore. They invigorate Singapore's events calendar, they build our international demand and also support job creation of businesses," he said then.
The last edition of the Singapore Grand Prix, which was held in September 2019, saw Ferrari's Sebastian Vettel take the chequered flag ahead of teammate Charles Leclerc.
Continue reading...
"We have decided to continue hosting the F1 race for another seven years, after thoroughly evaluating the long term benefits that a term extension could bring to Singapore," said Transport Minister and Minister-in-charge of Trade Relations S Iswaran.
"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."
The Singapore Grand Prix was cancelled in 2020 and 2021 after it was scheduled as part of the Formula 1 race calendar.
Mr Colin Syn, deputy chairman of race organiser Singapore GP, had said last year that the 2021 race cancellation was made “in light of the prevailing restrictions for live events in Singapore”, while taking into consideration the health and safety of fans, contractors, volunteers and staff members.
In November last year, Mr Iswaran said during a press conference that discussions were ongoing on a contract for a new term of the race in Singapore.
“I think we all recognise that events, such as the Formula One, generate significant economic benefits and global branding value for Singapore. They invigorate Singapore's events calendar, they build our international demand and also support job creation of businesses," he said then.
The last edition of the Singapore Grand Prix, which was held in September 2019, saw Ferrari's Sebastian Vettel take the chequered flag ahead of teammate Charles Leclerc.
Continue reading...