F1 race at Malaysia’s Sepang generated nearly US$232 million: Sports ministry
The Gulf Air Bahrain Grand Prix, which was relocated to Malaysia’s Sepang circuit as a one-off event, drew 827 million viewers worldwide, according to Malaysian Youth and Sports Minister Taufiq Johari.
The Gulf Air Bahrain Grand Prix, relocated to Malaysia's Sepang International Circuit, generated nearly $232 million in economic impact, the Malaysian Youth and Sports Minister Taufiq Johari reported on October 13. The three-day event, held from October 2-4, drew approximately 261,000 spectators, surpassing the previous F1 record of 126,690 set in 2008.
The race also attracted 827 million global viewers. Despite selling over 97,000 tickets, the event also brought in over 50,000 international tourists and about 5,000 foreign workers. According to Taufiq, the influx of overseas spectators contributed to revenue for tourism, hospitality, aviation sectors, and local small and medium enterprises, boosting Malaysia's reputation as a top sports and investment destination.
The Malaysian government is currently conducting a cost-benefit assessment to determine the event's overall value, with the findings expected to inform future hosting decisions.
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