Thailand Bids $1.2 Billion to Host Thrilling F1 Race in Bangkok

Thailand has moved closer to hosting its own Formula 1 Grand Prix after the national cabinet approved a $1.2 billion bid for a street race in Bangkok. This decision clears the way for the Thai government to negotiate a five-year deal for the event, with the first race targeted for the 2028 season.

Tourism minister Sorawong Thienthong shared details of the proposal, highlighting the significant financial commitment now in place and raising hopes of a new Southeast Asian stop on the F1 circuit.

Discussions between Thailand and Formula 1 have been ongoing throughout the year. F1 CEO Stefano Domenicali visited Bangkok earlier in the season to meet with government officials and discuss the opportunity.

Image credit: www.bangkokpost.com

Williams driver Alex Albon, whose family is Thai, also played a role by meeting Prime Minister Paetongtarn Shinawatra to talk about the project. After seeing initial designs for the street circuit, Albon commented on the positive progress, noting serious intent and impressive direction from local organizers.

The proposed race would likely use a street circuit layout through parts of central or northern Bangkok, although the full track design has not been released. Some reports indicate the circuit could feature areas near the busy Chatuchak Market, a well-known city landmark.

If successful, the project stands to generate an expected $600 million in economic activity for Thailand, according to government sources. This follows a global trend of city street races in major Formula 1 markets.

As things stand, Formula 1 hosts a 24-round calendar, with Singapore as the only Southeast Asian venue. The possible addition of Bangkok would be the first return to the region since Malaysia last hosted an F1 event in 2017.

Image credit: www.channelnewsasia.com

F1 executives have suggested that while the series does not plan to increase the total number of races above current regulations, future adjustments—such as rotating European rounds—could make space for Thailand on the official schedule.

Thailand’s desire to bring the world championship to its capital is powered by expectations of large tourism and media benefits. The recent signing of a memorandum of understanding between the government and Formula 1 shows serious intent, though full confirmation from F1’s governing body is still required.

The initial contract, if secured, would run through the 2032 season and could lead to a regular spot for the city on the global motorsports stage.

For Thai fans, excitement is bolstered by local interest in motorsport, as Alex Albon remains the only current Thai Formula 1 driver. Albon represents Williams and has been an influential supporter of the event coming to his home country.

The move to bring F1 racing to Bangkok marks a new chapter in Thailand’s sporting ambitions and could build a stronger presence for both the nation and Southeast Asia in international racing.

The next step for Thailand’s Formula 1 bid involves continued talks with F1 leadership and follow-up on official approvals. With clear government backing, extensive financial planning, and strong local support, the prospects for a Bangkok Grand Prix are brighter than ever.

If successful, Thailand would soon join a select group of countries with their own race and become an important part of the F1 world calendar starting in 2028.

Daniel Miller

Daniel Miller reports on Formula 1 Grand Prix weekends with race-day analysis, team-radio highlights, and point-standings updates. He explains power-unit upgrades, aerodynamic developments, and driver rivalries in straightforward, SEO-friendly language for a global F1 audience.