Our SpainFixer team dives into six key questions about the return of Formula 1 to Madrid. From the race’s new location at IFEMA to the massive economic impact it could bring, we’ve got you covered.
Learn about the history, the economic implications, and what to expect from this highly anticipated event.
Whether you’re a motorsport fan or involved in the tourism and production sector, this is your essential guide to the next F1 pit stop: Madrid.
When will the Formula 1 race take place in Madrid?
Madrid will host its first Formula 1 race in 2026, following a multi-year contract that positions the Spanish capital as a new destination on the F1 calendar. The event will be held on a new urban circuit around IFEMA, the city’s exhibition and convention center in Valdebebas. This race is expected to draw thousands of spectators.
Where will the Formula 1 race be held in Madrid?
The new Formula 1 circuit in Madrid will be a hybrid urban track built around the IFEMA exhibition center in Valdebebas. The layout will feature both permanent and temporary sections, similar to the design of the Miami circuit. It will span 5.474 kilometers with a total of 20 turns, including long straights that will allow high-speed sections, and technical corners that will challenge driver skill and strategy. Additionally, the circuit is expected to pass through tunnels under an elevated highway, adding a unique aspect to the layout.
Así sería una vuelta al trazado del GP de Madrid 🏎️🇪🇸
¿Qué os parece la simulación? 👀
🎥 @WilliamsEsports @Nukedrop pic.twitter.com/DbDPmLUbHW
— DAZN España (@DAZN_ES) January 24, 2024
What will be the economic impact of the Formula 1 race in Madrid?
The estimated economic impact of the F1 event in Madrid ranges between 300 and 500 million euros per year, driven by tourism, sponsorships, and media coverage. Additionally, it is expected to boost hotel occupancy and elevate the city’s global profile, benefiting local sectors such as hospitality, retail, and services.
How has the economic impact been in other cities with urban circuits?
Cities like Valencia and Baku serve as key references. Valencia, which hosted F1 from 2008 to 2012, initially saw economic benefits but eventually incurred significant debts due to the high maintenance costs of its urban circuit. Baku, on the other hand, has enjoyed sustained success, generating around 500 million dollars annually from tourism, with a steady influx of visitors attracted by the unique nature of its circuit.
What is the history of Formula 1 in Madrid?
Madrid has a historical connection with Formula 1. The Jarama Circuit, located just outside the city, hosted the Spanish Grand Prix from 1968 to 1981. However, since then, F1 has been absent from the capital. With the upcoming race at IFEMA, Madrid will renew its relationship with the elite motorsport, embarking on a new chapter in its motorsport legacy.
What additional benefits will the Formula 1 race bring to Madrid?
Beyond the direct economic impact, hosting a Formula 1 race will enhance Madrid’s reputation as a global sports event destination. This increased visibility could attract more sponsors, investment, and long-term projects, solidifying Madrid’s position as a major hub for sports and tourism.
Bonus Track: List of all F1 Spanish Grand Prix winners in Madrid (Jarama Circuit)
- 1968 – Graham Hill (Team Lotus-Ford)
- 1969 – Jackie Stewart (Matra-Ford)
- 1970 – Jackie Stewart (March-Ford)
- 1971 – Jackie Stewart (Tyrrell-Ford)
- 1972 – Emerson Fittipaldi (Lotus-Ford)
- 1973 – Emerson Fittipaldi (Lotus-Ford)
- 1974 – Niki Lauda (Ferrari)
- 1975 – Jochen Mass (McLaren-Ford)
- 1976 – James Hunt (McLaren-Ford)
- 1977 – Mario Andretti (Lotus-Ford)
- 1978 – Mario Andretti (Lotus-Ford)
- 1979 – Patrick Depailler (Ligier-Ford)
- 1980 – Alan Jones (Williams-Ford)
- 1981 – Gilles Villeneuve (Ferrari)
