The Formula 1 Grand Prix held from October 2 to 4 at the Sepang International Circuit (SIC) contributed nearly RM950 million (approximately S$298 million) to Malaysia’s economy, according to the Youth and Sports Ministry. The event attracted around 261,000 spectators throughout the race weekend, including an estimated 103,000 on race day.

The ministry stated in a written parliamentary reply on October 13 that the championship garnered significant international attention, with global broadcasts reaching about 827 million viewers. More than 97,000 tickets were sold, and the event drew over 50,000 international tourists as well as roughly 5,000 foreign workers to Malaysia, benefiting various sectors such as tourism, hospitality, aviation, and local small and medium-sized enterprises. These gains also enhanced Malaysia’s standing as an international destination for sports and investment.

In a departure from previous arrangements, Bahrain covered the hosting rights fees through its collaboration with SIC. The ministry did not disclose the total costs incurred by the Malaysian government for staging the event.

The ministry further noted that SIC, together with an appointed consulting firm, is currently conducting a comprehensive cost-benefit analysis to evaluate the detailed expenses against the economic returns generated by the race. The results of this assessment will inform government decisions on whether Malaysia should pursue hosting Formula 1 events in the future.

This information was provided in response to questions raised by Batang Sadong MP Rodiyah Saipee regarding the economic impact of the race compared to government expenditure and the role of a cost-benefit study in guiding future hosting considerations.