José Vicente de los Mozos (Ifema): "La F1 ha dejado 545 millones de euros en Madrid"
El presidente del Comité Ejecutivo de IFEMA Madrid anunció en el EXPANSIÓN Luxury Forum que la primera edición de la Fórmula 1 en la capital ha generado 11.000 empleos y ha superado las previsiones económicas iniciales. Leer
José Vicente de los Mozos, president of IFEMA Madrid's Executive Committee, announced at the EXPANSIÓN Luxury Forum that Formula 1's debut in the capital city has generated 11,000 jobs and exceeded initial economic forecasts. The first Spanish Grand Prix in Madrid generated an economic impact of 545 million euros, surpassing the initial 450 million euro prediction by 21%.
IFEMA Madrid's director emphasized that the competition also surpassed employment predictions, with 11,000 jobs created instead of the 8,900 initially anticipated. Each euro generated by the Grand Prix has yielded a return of four euros in the Madrid economy. Economic effects have also extended to tourism and services, with hotel occupancy reaching 85%.
De los Mozos stated that the city's lodging and transport sectors alone contributed over 100 million euros to the economy. He expressed humble pride in being one of Madrid's economic engines.
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