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Saudi Arabia Will Host Formula 1 Races Next Year

The agreement of 50 million pounds per year to hold a Formula 1 race in Saudi Arabia in 2021 is coming closer to reality. That fact was revealed from British media reports, Daily Mail, Tuesday (01/14/2020).

Saudi Arabia Will Hold Formula 1 Races Next Year

 

The agreement of 50 million pounds per year to hold a Formula 1 race in Saudi Arabia in 2021 is coming closer to reality. That fact was revealed from British media reports, Daily Mail, Tuesday (01/14/2020).

Saudi Aramco, which is a national oil company is reported to have signed as a sponsor in a race agreement that could generate a fee of £50 million per year paid to Liberty Media.

So far there has been no further confirmation about this certainty. If it happens then the event name will be ‘Saudi Arabian Grand Prix Aramco’.

This news can be said as a manifestation of Liberty Media’s commitment to expanding Formula 1 fan networks.

The mass media company has promised to guarantee guarantees to protect the party travel team, sponsors, journalists, and fans of this ground jet sport.

Cultivation of this sport is part of Vision 2030 or is an attempt by the state to get out of dependence on oil revenues. Central to the project is a 130-mile ‘entertainment city’ in Qiddiya, southwest of the capital city of Riyadh.

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Written by Shimul Khan

Shimul Khan was born is Barishal and moved to Dhaka after completing his graduation from Notre Dame College and University. Shimul is a web developer, designer, article writer, and father of two crazy girls. He has freelanced as a sports writer from all over the world. Khan has a somewhat unhealthy obsession with toys, LOST, and sharple markers. At present, he is working as a staff writer in The 7upsports.com.

Phone: +8801679898321

Contact Email: khan@7upsports.com

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