How much is Malaysia spending to prepare Sepang for F1 this year?

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Malaysia Allocates RM40 Million for Sepang Circuit Preparations for F1 Return

Malaysia is investing an estimated RM40 million to prepare the Sepang International Circuit (SIC) for the return of Formula One (F1) racing this October. This year's hosting arrangement also sees Malaysia exempt from the significant Formula One Management (FOM) license fee, as Bahrain has already fulfilled this obligation.
Circuit Upgrade Investment

The RM40 million expenditure is earmarked for the necessary upgrades and preparations at the Sepang International Circuit to meet the stringent requirements for hosting a Formula One Grand Prix. These preparations are crucial for ensuring the venue is equipped to handle the demands of a modern F1 event.
Exemption from Hosting Fees

A significant financial difference for this year's event is Malaysia's exemption from the annual FOM license fee. Previously, this fee, which Bahrain's payment indicates can range from US$70 million to US$80 million (approximately RM298 million to RM338 million), was a major point of contention and a substantial cost for Malaysia during its previous tenure as a host from 1999 to 2017.
Resumption of Hosting Duties

Malaysia is stepping in as a replacement host for Bahrain in October, filling a slot on the revised calendar. This marks a return to F1 after a nine-year absence, with the last Malaysian Grand Prix having been held in 2017. The Sepang International Circuit has a seating capacity of 130,000, with the overall venue able to accommodate over 170,000 visitors.

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How much is Malaysia spending to prepare Sepang for F1 this year?

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