Thailand Expresses Interest in Hosting Formula 1 Race on Streets of Bangkok

Thailand has expressed interest in hosting a Formula 1 race on the streets of Bangkok. Prime Minister Srettha Thavisin met with F1 CEO Stefano Domenicali on April 22, 2024 to discuss the possibility of Thailand hosting a grand prix in the near future.

While Thailand has an FIA Grade 1 racetrack in Buriram, the more likely prospect is a street circuit in the capital city of Bangkok. "Thailand has the potential to host an F1 race and the Thai government is ready to fully facilitate such an event," Thavisin stated after the meeting with Domenicali.

Thai officials have indicated they envision the event being held on a street circuit, possibly around Bangkok's historic city center. No specific timeline or detailed plans have been announced yet, but the government is currently working on a proposal.

Why this matters: Hosting a Formula 1 race would boost Thailand's profile on the global stage and provide a significant boost to the country's tourism industry, which is a crucial part of the economy. It would also make Thailand only the second country in Southeast Asia to host an F1 race, after Singapore.

The Thai government sees the potential F1 race as part of its 'soft power' initiatives to raise the country's profile and attract more high-spending foreign visitors. Officials estimate that landing the rights to host an F1 race in 2027 could generate around 4 billion baht (US$108 million) in economic value and create more than 1,000 jobs.

Formula 1 is also interested in expanding its presence in Asia and host more street races. A third of the 24 races scheduled for the 2024 season are being held on street or hybrid circuits. If Thailand secures a spot on the F1 calendar, it would be a home event for Thai driver Alex Albon of Williams Racing, who is currently the only Thai competing in F1 and just the second Thai driver ever in the sport.

Speaking about Thailand's F1 aspirations, Thavisin emphasized the country's readiness and potential. "Thailand has the capacity and capabilities to host a successful F1 event, which would elevate our status as a tourism and aviation hub. We look forward to further discussions with Formula 1 to make this vision a reality," the Prime Minister said. The Thai government's serious interest and Formula 1's receptiveness indicate that a Bangkok street <a href="https://www.straitstimes.com/sport/formula-one/thailand-keen-to-host-f1-race-on-streets-of-bangkok" target="_blank" rel="no

Key Takeaways

• Thailand expresses interest in hosting a Formula 1 race in Bangkok.
• The Thai government is working on a proposal for a street circuit race.
• Hosting an F1 race could generate $108 million in economic value and 1,000 jobs.
• F1 is interested in expanding its presence in Asia with more street races.
• A Bangkok F1 race would be a home event for Thai driver Alex Albon.