Madrid Prepares for Inaugural Formula 1 Grand Prix

Madrid's mayor has confirmed that preparations for the city's inaugural Formula 1 Grand Prix in 2026 are proceeding as scheduled. The city has secured a 10-year agreement to host the event on a hybrid circuit that spans over 5.4 kilometers, incorporating both street and permanent track sections near the IFEMA convention center. Local authorities aim to initiate construction by April, with a completion deadline set for 14 months later to ensure readiness for the September race.

This upcoming Grand Prix is expected to significantly boost the local economy, projecting an annual revenue injection of €450 million. Funding for the project will be sourced from private companies, alleviating concerns regarding the use of public funds. While the event marks a shift from its long-standing home in Barcelona, which has hosted the race since 1991, F1 CEO Stefano Domenicali hinted that Barcelona may still remain part of the racing calendar in the future. Additionally, Madrid plans to enhance the event by including Formula 2 and 3 races, broadening the motorsport experience for fans. As preparations advance, the city is committed to aligning the initiative with sustainability goals, addressing potential funding challenges through private sector investments.