Singapore Grand Prix: Circuit to host race until at least 2021

Singapore Grand Prix: Circuit to host race until at least 2021

Singapore Grand Prix: Circuit to host race until at least 2021

Back in November 2016, then F1 boss Bernie Eccelestone, said that Singapore was no longer interested in hosting the annual race as it has become a destination hotspot, achieving its original goal.

Therefore, after much speculation over the past few weeks, there will continue to be at least four power unit suppliers in Formula 1 over the next three years, with the ten teams now entered in the championship using either Honda, Renault, Mercedes or Ferrari engines.

F1 chairman Chase Carey said he was thrilled about the new contract.

This weekend's race will be Singapore's 10th grand prix, with the event having made its debut on the calendar in 2008.

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"Singapore is a signature race", Carey added.

"Over the years, the Singapore event has distinguished itself as one that is not just about the competition, but one complemented by a strong line-up of concerts, entertainment and lifestyle offerings both within the circuit park and throughout the city". With more than 90% of the race organisation sub-contracted annually to Singapore-based companies, the race also contributes to the local economy, over and above the tourism outcomes.

"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".

"The Singapore Grand Prix, the Singapore Tourism Board and the Singapore Government have all done an excellent job of making this an event that involves the whole city".

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