Saudi Arabia’s ambition in Formula 1: A potential team ownership

Saudi Arabia’s ambition in Formula 1: A potential team ownership
In recent years, Saudi Arabia has made significant strides in the world of motorsports, and the prospect of owning a Formula 1 team is becoming increasingly tangible. Prince Khalid bin Sultan Al-Abdullah Al-Faisal, Chairman of the Saudi Automobile and Motorcycle Federation, has openly expressed his enthusiasm for the idea, suggesting that the nation is ready to take a bold step into the fast-paced world of Formula 1.

Investments and partnerships fueling ambitions

Saudi Arabia’s investment in motorsports has been nothing short of remarkable. With major partnerships involving companies like Aramco and Maaden, which sponsor the Aston Martin F1 team, the country is positioning itself as a key player in the global motorsport arena. The Public Investment Fund’s collaboration with Formula E further underscores Saudi Arabia’s commitment to expanding its footprint in the racing world. As the nation prepares to host the F1 race in Jeddah, discussions about a potential Saudi-owned team are gaining momentum.

The challenges of entering Formula 1

While the idea of a Saudi-owned Formula 1 team is exciting, Prince Khalid acknowledges the complexities involved. He pointed out that there are currently only 11 teams in the league, with a possibility of one or two being available for sale in the near future. The decision to invest in a team requires careful consideration, as it involves not just financial investment but also strategic partnerships and management expertise. “It’s a tricky question,” he noted, emphasizing the need for a well-thought-out approach to ensure success.

Saudi Arabia’s aspirations for the F1 calendar

Beyond team ownership, Saudi Arabia is also keen on solidifying its position on the Formula 1 calendar. The nation hosted its second race last year and is eager to become the opening round of the championship. Prince Khalid expressed a desire for the race to take place at the beginning of the season, citing favorable weather conditions and increased excitement among fans. “We would like to have the first race,” he stated, highlighting the strategic advantages of hosting the season opener.

As Saudi Arabia continues to explore its options in Formula 1, the potential for a Saudi-owned team could mark a new chapter in the nation’s motorsport journey. With a growing interest in the sport and a commitment to making strategic investments, the future looks promising for Saudi Arabia in the world of Formula 1.