The Ministry of Trade and Industry (MTI) said in a statement earlier this year: “Many international business events, such as the TIME100 Leadership Forum, the Forbes Global CEO Conference, the Milken Institute Asia Summit and SuperReturn Asia, have also been organised around the F1 race in Singapore to take advantage of the occasion for high-level networking and meetings.”
The Formula One (F1) Singapore Grand Prix is now the only race in Southeast Asia after the Malaysia race was discontinued in 2017 due to dwindling spectator numbers and rising costs. The race has successfully managed to attract over half a million tourists for each event.
This year marks the 15th Grand Prix Season Singapore (GPSS) since its debut in 2008. Held from Sept 13–22, the event is more than just a race for sports fans. The GPSS complements the F1 Singapore Airlines (SGX:C6L
) Singapore Grand Prix 2024 and is Singapore’s chance to draw in visitors worldwide and boost its tourism receipts and GDP.
