Overview

• Prime Minister Luís Montenegro announced the government is ready to formalise a return of F1 to the Algarve International Circuit in 2027.
• He acknowledged that hosting a Grand Prix will require significant public investment but said the direct economic and indirect promotional returns justify the cost.
• Portimão’s credentials include staging MotoGP races in 2025–26 and its previous F1 events in 2020 and 2021, both won by Lewis Hamilton.
• Several countries, including Thailand, South Africa, Rwanda, Argentina and Turkey, are competing for permanent spots on an expanding F1 calendar.
• Formula 1’s rights holders are considering a rotating schedule and no contract has been signed, leaving the proposal subject to final negotiations.