Singapore F1 Grand Prix - Far reaching Event Review
We provided a comprehensive analysis for the Singapore Grand Prix to the Ministry of Trade and Industry Singapore to assist their renewal discussions with Formula One Management. Key elements included:
- Recommendations: Strategies to ensure the long-term success of the Grand Prix, enhancing Singapore’s global brand and motorsport presence.
- Economic Model: A detailed analysis of Formula One’s net benefits to Singapore’s economy, capturing direct, indirect, and induced impacts.
- Complementary Events: A business case study identifying and evaluating large-scale leisure events to complement the Grand Prix, fostering tourism and economic synergies.
- Long-term Perspective: A ten-year outlook on the Formula One franchise, considering potential scenarios for its evolution and its strategic alignment with Singapore’s goals.
This approach provided actionable insights to support informed decision-making and strengthen the case for hosting Formula One in Singapore