BANGKOK – The Thai cabinet has greenlit an ambitious plan to bring Formula 1 racing to Thailand for five consecutive years starting in 2028. The proposal, spearheaded by the Ministry of Tourism and Sports, now awaits final approval from the Fédération Internationale de l’Automobile (FIA) and Formula One Group.

Thai Government Considers Hosting Formula 1 Grand Prix to Boost Tourism

Tourism and Sports Minister Sorawong Thienthong revealed that the government has budgeted approximately 40 billion baht for the project, with funds to be allocated annually. The Thailand Convention and Exhibition Bureau has already collaborated with Formula One Group on preliminary venue designs, with full project details expected to be finalized within the coming months.

Thailand’s cabinet has approved a $1.2B bid to host a Formula One street race in its capital Bangkok in 2028 🏎️

According to @Reuters, if successful, the Thai capital would win a contract to host a race each year from 2028 to 2032. https://t.co/7ms8ejw8km

— Sports Business Journal (@SBJ) June 17, 2025

Hosting rights for F1 races involve complex negotiations between Liberty Media (F1’s commercial rights holder) and local organizers, with the FIA ensuring circuits meet stringent Grade 1 safety standards. While specific locations remain undisclosed, potential venues will be evaluated based on financial viability, track specifications, and compliance with international racing regulations.

This move positions Thailand to capitalize on F1’s growing Asian fanbase, following successful Grand Prix events in Singapore, Japan, and China. If approved, Thailand would become Southeast Asia’s second F1 host after Singapore, with races potentially alternating between street circuits and dedicated racetracks.

U-Tapao, Pattaya, Bangkok in race to host Formula 1

The bid reflects Thailand’s strategy to establish itself as a premier sports tourism destination, building on its successful hosting of MotoGP and World Superbike Championship events.

-Thailand News (TN)