Overview

• The five-year agreement will see street races run from 2028 through 2032 on a yet-to-be-finalized circuit in Bangkok’s city centre.
• The government has allocated approximately $1.2 billion to the project, with officials forecasting over €500 million in tourism revenue per year.
• Formula 1 CEO Stefano Domenicali and Williams driver Alexander Albon have already met with Thai leaders to discuss logistics and local support for the event.
• The proposed circuit could thread through the Chatuchak Market district as part of an initiative to stage a sustainable urban race.
• Organizers face the challenge of fitting a new race into the existing 24-event calendar, with officials considering a rotation system to accommodate Bangkok.