Overview

• The Thai cabinet endorsed a 40 billion baht proposal on June 17 to host a Formula One street circuit in Bangkok from 2028 through 2032.
• Officials say the proposed street circuit could weave through Bangkok’s Chatuchak market area pending approval of the final layout.
• Prime Minister Paetongtarn Shinawatra has met with F1 chief Stefano Domenicali to commission feasibility studies and secure funding arrangements.
• Williams driver Alex Albon, Thailand’s first F1 racer since the 1950s, has publicly backed the bid and praised its strong product potential.
• Authorities estimate the race could deliver 14 billion baht in annual economic output, 1.4 billion in tax revenue, 7 billion in private investment and create 8,000 jobs.