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.