Good information for Formula One fanatics in Singapore as the Transport Minister says discussions with Formula One administration and race organisers Singapore GP on a model new contract are ongoing, regardless of the cancellation of this year’s race owing to the Covid-19 pandemic.
Minister S. Iswaran stated at a press conference that Singapore is in talks to host the F1 Singapore Grand Prix once more in 2022, including that Covid-19 has wreaked havoc on the country’s tourism and way of life sectors, with many events, including the previous two editions of the F1 race, being cancelled or postponed.
He admitted that such events provide major economic benefits and global branding worth for Singapore, as properly as increasing international demand and supporting job creation and firm growth in the country.
Since its inception in 2008 at the Marina Bay street circuit, the race weekend has generated roughly $130 million in tourism receipts.
“A phased reintroduction of such international occasions is likely, with needed precautions in place when Covid-19 limitations loosen and Singapore’s borders reopen” stated Iswaran.
บริการติดตั้งโซล่าเซลล์ราคาถูก and the Ministry of Trade and Industry collectively contribute 60% of the $135 million race expenditures, with occasion promoters Singapore GP masking the rest..