F1 extends Singapore Grand Prix contract until 2028

The race has generated more than S$1.5 billion in incremental tourism receipts and drawn more than 5,50,000 unique international visitors to Singapore since its debut, according to organisers

The Singapore Grand Prix will remain on the Formula One calendar until at least 2028, the sport and race organisers said on January 27, after agreeing a fresh seven-year deal.

The event, which was cancelled for the last two years due to the COVID-19 pandemic, is set to take place on October 2 as part of a record 23-race calendar this year. It will be the first grand prix under the new seven-year deal.

"Singapore holds a special place on the F1 calendar, and this extension is part of our long-term commitment to continue to grow the sport in Asia," Formula One chief executive Stefano Domenicali said in a statement.