Overview

• Prime Minister Luis Montenegro announced that the government has everything in place to formalize a 2027 Formula 1 race at the Algarve International Circuit.
• Portimão hosted F1 Grands Prix in the Covid-impacted 2020 and 2021 seasons, both won by Lewis Hamilton for Mercedes.
• The government also secured MotoGP dates for 2025 and 2026 as part of a broader strategy to boost tourism and regional promotion.
• Formula 1’s rights holder is introducing a rotating calendar in which some tracks appear only in alternate seasons.
• Rival bids from Thailand, South Africa, Rwanda, Argentina and Turkey, along with financing and contractual negotiations, keep the Portimão deal in a developing state.