José Vicente de los Mozos: "La Fórmula 1 va a ser un motor económico de Madrid"
José Vicente de los Mozos, presidente del Comité Ejecutivo de IFEMA Madrid, afronta la recta final para el estreno de MADRING con una previsión de impacto económico de 467 millones de euros. El directivo defiende un modelo financiado con recursos privados y confía en que la Fórmula 1 funcione también como escaparate para atraer nuevas ferias, congresos y negocio a Madrid. Leer
José Vicente de los Mozos, President of IFEMA Madrid's Executive Committee, faces the final stretch for the debut of MADRING, foreseeing an economic impact of €467 million. He advocates a privately funded model and believes Formula 1 can serve as a platform to attract more fairs, conferences, and business to Madrid. De los Mozos, born in São Paulo, Brazil in 1962, starts the EXPANSIÓN interview with figures about the impact of Formula 1's return to Madrid.
The Spanish Grand Prix is expected to generate €467 million for Madrid's economy, create 10,724 direct jobs, and attract thousands of visitors from within Spain and abroad. Each euro of direct economic activity linked to the race generates 3.9 euros for the broader Madrid economy. A PwC study predicts that the influx of fans from September 11-13 will notably impact sectors like hospitality (€59 million), transport (€22 million), retail (€18 million), manufacturing (€72 million), construction (€50 million), professional activities (€33 million), and information and communications (€19 million).
De los Mozos personally facilitated the possibility of organizing a Grand Prix in Madrid, which required constructing a circuit in record time. He emphasizes the uniqueness of the hybrid circuit, where part of it is built specifically for the event, and another part is urban. This is a first of its kind and not seen anywhere else, according to De los Mozos.
The race's financing is entirely private, with no public contributions, and the revenue comes from sponsorship, ticket sales, and various business lines associated with the event. The investment, to be amortized over ten years, has been made by Ifema Madrid and its partners. De los Mozos wants Madrid to host more than just a race; he has always advocated for a completely new experience where the event is closely linked to Madrid's image and reputation worldwide.
The circuit, 5.4 kilometers long, aims to be spectacular, with 22 curves and the ability to reach speeds over 300 km/h on the straights.
Written by urgent.news from Expansion ES's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
