Overview

• Government spokesman Jirayu Houngsub said the formal bid and feasibility proposal will be presented to cabinet next week.
• The race is proposed as a street circuit through Bangkok aiming to join the 2028 Formula 1 calendar.
• Officials project about $600 million in revenue and will market the event as a sustainable sporting showcase.
• Prime Minister Paetongtarn Shinawatra met Formula 1 leaders at the Monaco Grand Prix and CEO Stefano Domenicali visited Bangkok in March.
• Organizers face a congested calendar of 24 contracted races, making the allocation of a new Grand Prix slot challenging.