Morocco is setting its sights on joining the prestigious Formula 1 calendar, with Tangier positioned as the centerpiece of the ambitious vision, Barlamane.com reported. The kingdom is preparing a robust proposal supported by a major development project centered on the strategic city, the gateway to Africa on the Mediterranean.
The project includes plans for a state-of-the-art urban circuit designed to meet strict FIA standards, with an estimated budget of USD 260 million. The figure includes USD 200 million for the circuit itself and USD 60 million for auxiliary infrastructure, such as spectator areas and media facilities. The design could be entrusted to Hermann Tilke, a renowned architect known for creating iconic Formula 1 circuits.
Negotiations are underway with major sponsors, including Aramco and Pirelli, who could play a pivotal role in funding and promoting the event. Morocco aims to leverage a mix of public funds and private partnerships to bring the ambitious project to fruition.
Morocco’s expertise in hosting motorsport events is a significant asset. The Moulay El Hassan circuit in Marrakech has previously hosted prestigious competitions such as Formula E and the World Touring Car Championship (WTCC), showcasing the country’s logistical capabilities.
Tangier’s proximity to Europe enhances its appeal, facilitating access for teams, equipment, and spectators while reducing logistical costs for organizers. The unique geographical advantage positions Tangier as an attractive choice for the FIA and Formula 1 leadership.
Morocco faces stiff competition from Rwanda and South Africa, however. Rwanda plans to build a cutting-edge circuit near Bugesera International Airport with a budget of USD 270 million.
Meanwhile, South Africa is advocating for the renovation of the historic Kyalami circuit near Johannesburg, which last hosted a Grand Prix in 1993. Renovation costs are estimated at a modest USD 10 million, and South Africa boasts a rich motorsport heritage supported by influential figures such as Lewis Hamilton, a vocal proponent of bringing F1 back to Africa.
Hosting a Formula 1 Grand Prix is a significant financial, logistical, and diplomatic undertaking. Beyond initial investments, annual licensing fees imposed by Formula One Management (FOM) range from USD 60 million to USD 100 million, depending on the agreement.
For Morocco, however, the expected benefits go beyond economics. A Grand Prix in Tangier would elevate the kingdom’s global image, attract thousands of tourists, and cement its reputation as a prime destination for major international events.
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Thursday, January 23, 2025