40-Billion-Baht Investment Approved
Thailand’s cabinet greenlit a bold proposal on June 17, 2025, to bid for hosting Formula One races in Bangkok from 2028 to 2032, with a projected cost of 40 billion baht. Tourism and Sports Minister Sorawong Thienthong announced the initiative, aiming to elevate Thailand’s global profile and boost tourism through a world-class motorsport event.
Proposed Street Circuit Details
Bang Sue Station as Epicenter
The planned 5.7-kilometer race circuit will weave through central Bangkok, centered around Krung Thep Aphiwat Central Terminal Station. Spanning 800 rai at the station, 100 rai at Mo Chit 2 bus terminal, 240 rai near Chatuchak Market, 163 rai in Queen Sirikit Park, and 2,000 rai behind PTT Plc’s headquarters, the track will transform iconic areas into a high-speed spectacle for three days annually.
Event Logistics and Timeline
Five-Day City Closure Planned
Each Formula One event will require a five-day closure of the designated areas, accommodating two days of practice runs and the race weekend. Sorawong, leading a multi-ministry committee, has begun talks with Formula One Group and the Thailand Convention and Exhibition Bureau to finalize logistics, ensuring the event aligns with Bangkok’s urban dynamics and global standards.
Economic and Tourism Boost
20 Billion Baht in Revenue Forecast
The Thai government projects the race and related events could generate 20 billion baht in revenue, driven by ticket sales, sponsorships, and tourism. Sorawong expressed optimism that the event could break even within its first year, citing its potential to draw international visitors and stimulate local businesses, particularly in hospitality and retail sectors.
Strategic Push for Global Stage
Feasibility Study Underway
Prime Minister Paetongtarn Shinawatra commissioned a feasibility study in March 2025 after meeting Formula One CEO Stefano Domenicali, signaling Thailand’s ambition to join the elite 24-race F1 calendar. With gaps expected in the schedule, Thailand is positioned as a strong contender, building on the region’s existing races like the Singapore Grand Prix.
Sustainability and Challenges
Balancing Costs and Benefits
Thailand aims to host a “sustainable” Grand Prix, minimizing environmental impact while maximizing economic gains. Staging costs, potentially exceeding 200 million dollars annually plus hosting fees up to 55 million dollars, pose challenges. Success hinges on robust sponsorships and high attendance, leveraging Bangkok’s vibrant appeal to ensure profitability and long-term viability.
Regional Motorsport Momentum
Thailand Joins Asia-Pacific F1 Scene
By bidding for Formula One, Thailand seeks to cement its status as a motorsport hub in Southeast Asia, complementing the four Asia-Pacific races on the F1 circuit. The Bangkok Grand Prix could redefine the city’s global image, blending cultural allure with cutting-edge sport, while fostering infrastructure upgrades and international collaboration.
