Overview

• Madrid City Council has granted the definitive construction license for the IFEMA Formula 1 circuit, with a groundbreaking ceremony scheduled for April 25, 2025.
• The circuit is set to host the 2026 Madrid Grand Prix, part of the city's broader strategy to enhance its global profile through high-profile events.
• Regional authorities project €450 million in economic benefits, 8,200 direct jobs, and an annual attendance of 112,000 spectators for the event.
• Más Madrid, a left-wing opposition party, has filed a legal appeal citing the lack of environmental and public health assessments in the urban plan.
• City and regional leaders insist no public funds are being used for the project, a claim disputed by opposition critics who allege €190 million in public spending is tied to the initiative.