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Formula 1 Extends Singapore GP Contract until 2028

MDP Live - The Singapore Grand Prix will remain on the Formula 1 calendar until 2028 after a seven-year contract extension was agreed by the organisers, Formula 1 said on Thursday (27/1/2022).

The Singapore GP has been canceled in the last two years due to the COVID-19 pandemic but will occupy the October 2 slot in the 2022 calendar season which consists of 23 races.

"Singapore has a special place on the F1 calendar, and this extension is part of our long-term commitment to the continued growth of the sport in Asia," F1 CEO Stefano Domenicali said in a statement.

The Marina Bay street circuit hosted the first night race in F1 history in 2008 and has entertained fans ever since and has made the Singapore GP one of the most popular and glamorous races in F1.

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The race takes place in the heart of the city-state, with the drivers' cars illuminated by streetlights flashing against a backdrop of skyscrapers.

Funded in part by the local government, the Singapore GP is one of the keys to boosting tourism in Singapore.

The race has generated more than S$1.5 billion from tourism and attracted more than 550,000 foreign tourists to Singapore since its debut.

The GP in 2019, won by four-times world champion Sebastian Vettel for Ferrari, drew 268,000 spectators over the weekend, making it the second-highest number of spectators there.

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