Overview

• Thailand’s cabinet greenlit a 40 billion baht ($1.2 billion) bid to stage an annual Formula One street race in Bangkok from 2028 through 2032, subject to final F1 approval
• Prime Minister Paetongtarn Shinawatra met with F1 chief Stefano Domenicali in March and commissioned a feasibility study into a Bangkok Grand Prix
• Officials have indicated the proposed circuit could wind through landmark areas near Chatuchak market in the city’s north
• The government projects the race will boost tourism and inject about $600 million into the economy
• With a current 24-race calendar and an FIA-accredited MotoGP track in Buriram, Thailand is positioning itself to expand its motorsport offerings in Southeast Asia