Arab Press

بالشعب و للشعب
Friday, Apr 19, 2024

Qatar to make its Formula One race debut in November

Qatar to make its Formula One race debut in November

Qatar will hold a Formula One grand prix for the first time in November with a 10-year deal then starting from 2023, the Liberty Media-owned sport and local organisers announced on Thursday.

Formula One will race in Qatar for the first time in November with a 10-year deal then following from 2023 once the country has hosted the 2022 soccer World Cup, the sport and local organisers announced on Thursday.

The race, scheduled for Nov. 21 at the floodlit Losail International Circuit outside Doha, will form part of an unprecedented Middle Eastern quartet of grands prix on the 22-race 2021 calendar.

Bahrain hosted the championship opener in March while Saudi Arabia's first race is scheduled for Dec. 5 and Abu Dhabi ends the season on Dec. 12.

The Nov. 21 slot had been left unfilled on a rejigged calendar after the cancellation of the Japanese round at Suzuka, one of several races that dropped off due to the COVID-19 pandemic.

"The step from the gesture to be helpful to F1 in 2021 to a long term strategy was short and simple," said Formula One in a statement.

"The vision for F1 to be the showcase for Qatar after the FIFA World Cup in 2022 was the driving force behind this long term agreement."

Qatar will follow on from Mexico and Brazil as part of a triple-header of races on successive weekends in November.

Losail is best known for hosting the MotoGP season-opener, a night race.

HUGE EFFORT


"The Qatar Motor and Motorcycle Federation and Authorities have been incredible and have moved at great speed to ensure the race can take place this season at the Losail Circuit," said Formula One chief executive Stefano Domenicali.

"The huge effort from all the teams, F1 and the FIA has made it possible to deliver a 22-race calendar, something that is very impressive during a challenging year and something we can all be proud of."

The Formula One race will start at 1800 local time and also be floodlit.

There will be no race in 2022 due to the World Cup, which will be held in November and December due to the climate, and the venue to be used after that has yet to be confirmed but it could move to a new track unless changes are made to Losail.

"As part of the longer-term deal, discussions will continue regarding the location for the Grand Prix from 2023 with further details to be provided at a later time," said Formula One.

Abdulrahman Al-Mannai, president of the Qatar Motor and Motorcycle Federation, said the agreement meant Qatar will host Formula One and MotoGP for the next decade.

"We have a proud motorsport history and this is the next chapter for us," he said.

Until this year Formula One had only two regular grand prix venues in the Middle East, with Bahrain's Sakhir circuit the first on the calendar in 2004 and Abu Dhabi's Yas Marina joining in 2009.

BOOST TO THE BALANCE SHEET FOR F1


Qatar's 10-year deal with Formula One announced on Thursday will boost the balance sheet of a sport recovering from the hit of COVID-19 as well as further raising the profile of the Middle East in an increasingly global championship.

Formula One had not raced in the region until Bahrain's Sakhir circuit made its appearance on the calendar in 2004, with Abu Dhabi following in 2009.

Now the number of grand prix venues has doubled, and for the long term.

The deal with Qatar is for a race in November at the Losail circuit outside Doha and then for 10 years from 2023 once the gas-rich country has hosted the 2022 soccer World Cup.

Saudi Arabia, also signed up for at least a decade, will make its debut in December with an eye-catching night race in Jeddah while Qatar gets in first on Nov. 21. Abu Dhabi ends the season on Dec. 12.

Times have changed since 2015 when the sport's former supremo Bernie Ecclestone poured cold water on Qatar's hopes by telling reporters in Bahrain: "I think we’ve got enough (races) here, don’t you?".

Formula One, a European-based sport whose commercial rights have been controlled by U.S.-based Liberty Media since 2017, is keen to stretch the calendar and reach out to a new and younger demographic.

"The region is hugely important to us and with 70% of the population of Saudi being under 30 we are excited about the potential to reach new fans," former F1 chief executive Chase Carey said last year when the Jeddah race was confirmed.

Race hosting fees are also a key element of the sport's business model, along with revenues from television and sponsorship.

RECORD NUMBER, AFRICA ON THE HORISON


The sport already plans a record 23 races in 2022, after 22 this season and only 17 in 2020, with Miami also due to come on board as a second U.S. race along with Austin.

Something will have to give in 2023 if it is not to expand further with the sport also saying a return to Africa -- a continent it has not raced in since 1993 -- is a priority.

Bahrain and Abu Dhabi, whose Yas Marina circuit was billed as the most expensive racetrack ever built when it came on the scene, are each estimated to pay in excess of $40 million annually in hosting fees.

Saudi and Qatar could be the most lucrative yet -- good news for a sport whose revenues took an $877 million hit, a 43% drop, last year when the COVID-19 pandemic forced cancellations and races without crowds.

Formula One is keen to distance itself from its fossil fuel-guzzling past, with a push for sustainable fuels and a net zero-carbon footprint target by 2030, but it still follows the money and ties with the major oil producing region run deep.

Saudi state-owned energy giant Saudi Aramco is a global partner of Formula One and Saudi companies have sponsored teams in the past.

Bahrain's Mumtalakat sovereign investment fund owns 62.55% of McLaren and last July Saudi Arabia's Public Investment Fund (PIF) and global investment firm Ares Management provided $547.12 million of new capital to the McLaren Group.

Saudi Arabia has the Dakar Rally, Extreme E and Formula E while Qatar has hosted MotoGP since 2004.

Emirati ex-rally driver Mohammed ben Sulayem is standing for president of Formula One's governing body, the International Automobile Federation (FIA), to replace departing Frenchman Jean Todt.

Newsletter

Related Articles

Arab Press
0:00
0:00
Close
China Criticizes US for Vetoing UN Ceasefire Resolution in Gaza
Saudi Arabia ranks first in UN index for e-government services in MENA
Israel Records 20% Drop In GDP, War In Gaza Is The Reason
Saudi Arabia's FDI Inflows Grow with New International Standards
Venture Capitals Power Up Across MENA Region
PM Modi Announces Opening Of New CBSE Office In Dubai
January Funding for MENA Startups Totals $86.5 Million
Saudi Arabia accelerates digital economy growth through Nvidia partnership
Israel unveils tunnels underneath Gaza City headquarters of UN agency for Palestinian refugees
Israel deploys new military AI in Gaza war
Egypt threatens to suspend key peace treaty if Israel pushes into Gaza border town, officials say
Saudi Arabia Warns Of A "Humanitarian Catastrophe" If Israel Moves On Rafah
US University To Shut Qatar Campus Due To "Heightened Mideast Instability"
Facebook and Instagram Ban Iran's Supreme Leader
Defense Technology Showcase Held in Riyadh
Saudi Arabia’s non-oil exports rise 2.5% to $6bn in November 2023: GASTAT
Rolls-Royce Executive Encourages Saudi Women to Tap into Their Inner 'Superhero' for Success in Defense Industry
Saudi Arabia launches National Academy of Vehicles and Cars
Saudi Tourism Minister Reveals Plan for 250,000 New Hotel Rooms by 2030
SAR to more than double eastern network passenger capacity with new trains deal
Saudi Arabia Enhances National Defense with New Partnerships
Saudi Aramco Maintains Arab Light Crude Pricing to Asia for March
NEOM Establishes New York Office to Support Investors
Saudi Wealth Fund Draws in Over $25 Billion Worth of Investments in Three Years, Al-Rumayyan Reveals
The Saudi Kingdom's Ultimatum to Israel: A Win-Win Peace with Saudi Arabia and the Arab World, or a Lose-Lose Continued Occupation and Endless Conflict
Biden condemns anti-Arab hate after WSJ opinion piece calls Dearborn ‘jihad capital’
Turkey Releases Seven Hostages Captured by Pro-Gaza Gunman
Arab Parliament Commends Women's Contributions to Societal Development
British and Hungarian Foreign Ministers visited Lebanese leaders to stress the importance of enacting UN Resolution 1701
Yemen's Houthis Say They Targeted British Merchant Vessel In Red Sea
Donald Trump Nominated for Nobel Peace Prize for 'Historic' Middle East Policy
US lawmakers approve F-16 jet sale to Turkey following NATO expansion support
Saudi Arabia Climbs 25 Places in World Bank's National Statistics Indicator
Tourism Growth in Saudi Arabia Fuels Advancements in the Hospitality Industry," Says Rotana Official
Houthi Rebels Request Departure of UN Staff from Yemen, Including US and UK Personnel, within a Month
Modi Inaugurates Hindu Temple on Site of Demolished Mosque in India
Over 25,000 Deaths in Gaza Amid Israeli Offensive
Escalating Clashes in Gaza as Israel Distributes Leaflets to Assist in Locating Hostages
Turkey's First Astronaut Set to Launch for International Space Station Today
Head of Palestinian Investment Fund Warns More People May Die of Hunger Than War in Gaza
Palestinian Envoy Criticizes UK for Alleged 'Double Standards' in Policies Toward Israel
Morocco to Lead UN Human Rights Council in 2024
Is artificial intelligence the solution to cyber security threats?
Egypt has been identified as the leading military force among Arab nations and ranks 15th globally
The AI Revolution in the Workforce: CEOs at Davos Predict Major Job Cuts in 2024
Iranian Nobel Laureate Narges Mohammadi Receives Additional Prison Sentence
"Gazans Urge Israeli Forces to Target Hamas in Leaked Audio"
Biden States US and UK Airstrikes on Houthis Were a 'Defensive Action
Large Pro-Palestine Rally in London as Gaza Conflict Hits Day 100
South Africa Urges World Court to Halt Israeli Actions in Gaza
×