Singapore F1 Race Extended To 2021
Singapore GP Pte Ltd and Singapore Tourism Board to host FIA Formula 1 World Championship for four more years
With more than 90% of the race organisation sub-contracted annually to Singapore-based companies, the race has not only attracted over 450,000 international visitors to Singapore and about S$1.4 billion in tourism receipts, but also contributes to the local economy, over and above the tourism outcomes. It has also showcased Singapore as a beautiful, vibrant and attractive destination to over 780 million international broadcast viewers.
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. Mr Lionel Yeo, Chief Executive, Singapore Tourism Board said, “The race in Singapore has provided an excellent platform for businesses to test bed new lifestyle initiatives and products. This has not only created an exciting atmosphere during the race season,