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SINGAPORE – Afterwards witnessing a ascend in appearance aftermost year, and raking in added than $1.4 billion in tourism receipts aback 2008, Singapore will abide to host a Formula One chase as continued as “the amount is right” and there is “a nett absolute in agreement of allowances to Singapore”, Senior Minister of State for Trade and Industry and Education Chee Hong Tat said on Saturday (Sept 7).

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Speaking at the countdown F1 Power Up Festival at Bishan Association Club, Mr Chee acclaimed while the accepted hosting aeon ends in 2021, stakeholders accept “started attractive at what to do in agreement of approaching plans”.

He added: “It is article we will altercate with organisers. Everything has a price, we will attending at the costs and benefits. If the amount is right, we can abide to assignment together.

“F1 has been a actual acknowledged accident for Singapore. It is one of our key tourism highlights. This is an important way for us to abide to accomplish our tourism industry vibrant, by bringing in world-class events, and alluring tourists to come.

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“It additionally gives us a adventitious to cast Singapore across because the chase is advertisement to added than 840 actor admirers worldwide. And aback they see how admirable Singapore is, I achievement they accept an absorption to appointment us.

Last year, the Singapore Airlines Singapore Grand Prix drew added than 263,000 admirers over the three-day event, the second-highest appearance afterwards the 300,000 at the countdown chase in 2008.

Since the aboriginal race, there accept been about bisected a actor all-embracing visitors to appear the chase here.

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In 2017, again Minister for Trade and Industry (Industry) S. Iswaran said the amount of hosting the chase had decreased by about $15 actor to $135 million.

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Mr Chee additionally accent the accent of ambulatory and auspicious the accident “so that bodies can appear adore themselves and they will appear aback again”.

Twenty3, a new accommodation apartment featuring Michelin-starred cuisine, was formed out aftermost year, while a new alarm and ball area in Empress Place, and single-day Premier Walkabout tickets were alien in 2017.

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“We accept been putting in a lot of accomplishment with our ally Singapore Grand Prix to abound the chase over time so we don’t aloof accumulate the architecture the same,” said Mr Chee.

“Our F1 is altered in the world. It is the alone night chase in the city, and that allows us to do abounding altered things. We accept concerts, we accept nice food, we accept activities, it is an experience.”

The F1 Power Up Festival, which ends on Sunday (Sept 8) afterwards the screening of the Italian GP, appearance chase simulators, race-themed games, exhibition panels and family-friendly activities.

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historic racing F9 Foto & Bild | sport, motorsport … – what is f1 racing | what is f1 racing

Mr Chee said: “We appetite to accompany F1 to the association so that added Singaporeans can get to adore F1, abnormally for the adolescent generation, for them to accept absorption in F1 and accompanying activities because it is additionally affiliated to the acquirements of science, technology and engineering.”

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