Bahrain International Circuit (BIC) is generating approximately $100 million in economic impact annually from its flagship Formula 1 (F1) Grand Prix weekend alone, according to its chief executive Shaikh Salman bin Isa al Khalifa.
Shaikh Salman underscored how the BIC has become a primary engine for national diversification, driven by record-high attendance, specialised talent development and unparalleled institutional synergy.
“That’s important because that brings in that economic impact – an average of a $100 million over that weekend – with hotels, with airlines, with restaurants, all of that being spent here,” he said.
He noted that the Bahrain Grand Prix has been a resounding success, selling out for the last three consecutive years. Last year saw more than 37,000 people attend on the main Sunday, with approximately 12,000 visitors travelling from abroad, generating a ‘tangible buzz’ across the island.
Shaikh Salman highlighted the immense global reach of the sport, stressing the strategic importance of hosting the event. “I think Formula 1 is a great platform,” he asserted. “There’s more than 800m fans now in Formula 1. That number grew 90m in one year.”
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