The Thai government has given the green light to an ambitious US$1.2 billion proposal to host a Formula One Grand Prix on the streets of Bangkok, targeting a debut in 2028. The approval was announced by cabinet officials following a meeting that outlined Thailand’s intent to secure a multi-year deal to stage the race annually from 2028 through to 2032.
Government spokesperson Jirayu Houngsub confirmed that preparations are already underway, and the country anticipates hosting a top-tier global motorsport event within the next few years—an achievement he described as previously unthinkable for Thailand.
Tourism Minister Sorawong Thienthong stated that the proposed investment, valued at approximately ฿40 billion (US$1.23 billion), is seen as a strategic move to boost the tourism sector, which remains a vital pillar of the Thai economy.
The initiative follows a meeting in March between Thai Prime Minister Paetongtarn Shinawatra and Formula One CEO Stefano Domenicali, during which the Prime Minister committed to commissioning a detailed feasibility study. The study will explore the logistical and infrastructural requirements for transforming Bangkok into a viable street circuit capable of meeting FIA standards.
Although Thailand already possesses an FIA-approved racing facility in Buriram—currently a host venue for the World Superbike Championship—the Bangkok bid is distinct in its vision to bring the race to the heart of the capital, offering a city-based spectacle similar to the Singapore Grand Prix. The proposal aligns with Thailand’s broader ambition to raise its profile as a premier destination for international sporting events.
Formula One currently operates a 24-race calendar that includes four events in the Asia-Pacific region. Securing a slot would mark a significant expansion of the sport’s presence in Southeast Asia and position Bangkok as one of the region’s marquee motorsport venues.
If the bid is successful, Thailand will join an elite group of nations hosting high-profile Formula One races, further integrating the country into the global sports and tourism economy.
