F1 return feasibility study to go to cabinet this month, says SIC chief
SEPANG: A feasibility study on bringing Formula One (F1) back to Malaysia is expected to be presented to the cabinet later this month.
Sepang International Circuit (SIC) chief executive officer Azhan Shafriman Hanif announced that a feasibility study on bringing back Formula One (F1) to Malaysia will be presented to the cabinet later this month. The study will assess various factors including hosting costs, circuit readiness, infrastructure facilities, and potential economic returns.
SIC plans to collaborate with the Finance Ministry and the Youth and Sports Ministry, gathering feedback from private sector, hospitality, and food and beverage sectors. Azhan stated that the study will be presented towards the end of November, depending on the available Cabinet meeting slot. Preliminary discussions with F1 commercial rights holders indicate that a race slot for Malaysia would only be available from 2029, but SIC will continue to explore near-term opportunities and other forms of collaboration.
The primary considerations for SIC are the substantial investment required and the F1 tax mechanism, which could help the government recoup part of its investment.
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