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Singapore is negotiating to continue hosting the Formula One Singapore Grand Prix in 2022, Transport Minister S. Iswaran said on Nov. 15, 2021.
The 2021 night race was supposed to be the last under the current four-year extension signed in 2017, but was cancelled due to the Covid-19 pandemic.
Negotiations underway
Iswaran said in response to a question at the virtual media briefing by the multi-ministry task force on Covid-19 that discussions with Formula One management and race organisers Singapore GP on a new contract are ongoing.
He added that the event helps Singapore economically.
He said: “You will be well aware our tourism and lifestyle sectors have been hard hit by Covid-19, and many events including the past two editions of the Formula One season Singapore have been cancelled or postponed.”
“Yet, I think we all recognise that events such as Formula One generate significant economic benefits and…