Published: Sat, September 16, 2017
Science | By Cecil Little

Singapore to host the Formula 1 World Championship until 2021

Singapore to host the Formula 1 World Championship until 2021

This however, is no longer case, as the country has chose to renew its contract with Formula 1 until 2021.

New Formula 1 boss Chase Carey on Friday said India is a place of great potential and it would be exciting to take the sport back to the country that was dropped from the calendar four years ago. "The first night race is is one of the most thrilling events of the year".

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The announcement comes against the background of a year-to-date 19% increase in ticket sales, with the weekend sales still to be included.

In a statement, Formula One said: "Since its debut in 2008, the first ever night Grand Prix is one of the highlights of the F1 calendar and one of the most attractive and spectacular races. It has also created good opportunities for Singaporeans and the local business community", Iswaran said.

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"With its global viewership and media coverage, the race has reinforced Singapore's image as a vibrant and innovative city to a wide worldwide audience".

Over the years, the Singapore F1 race has distinguished itself as one that is not just about the sport, but one complemented by a strong line-up of concerts, entertainment and lifestyle offerings both within the circuit park and throughout the city. That said, considering the financial problems faced in the past with the Jaypee Group that owns the Buddh International Circuit and the red tape that surrounded the event with regards to high taxation, it will be an uphill battle for the Grand Prix to make a successful return.

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Singapore is new territory for me, but I don't mind that at all.

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