INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Jeddah prepares to host 4th edition of Formula 1 Saudi Arabian Grand Prix

The safety car drives in front of Red Bull Racing's Mexican driver Sergio Perez (L) during the Saudi Arabia Formula One Grand Prix at the Jeddah Corniche Circuit in Jeddah on March 19, 2023. (AFP)
  • The 4th edition of the Formula 1 Saudi Arabian Grand Prix will be held on the Jeddah Corniche Circuit on March 7-9, 2024
  • The FIA Formula One World Championship begins in Bahrain on March 2 and ends in Abu Dhabi on December 8

Jeddah, Saudi Arabia – The Formula One Organizing Committee announced on Thursday the initial calendar for the 2024 FIA Formula One World Championship, which begins in Bahrain on March 2 and ends in Abu Dhabi on December 8.

The 4th edition of the Formula 1 Saudi Arabian Grand Prix will be held on the Jeddah Corniche Circuit on March 7-9, 2024, to avoid a potential clash with the start of the holy month of Ramadan.

Several changes have been made to the 2024 FIA Formula One World Championship calendar: The Formula 1 Las Vegas Grand Prix, the Japan Grand Prix, and the Azerbaijan Grand Prix will be held in November, April, and September, respectively, and the date of the Qatar Grand Prix has been changed from October to December.

FIA President Mohammed Ben Sulayem said that the changes to the calendar are part of the federation’s effort to make the Formula 1 competition more efficient in terms of environmental sustainability and more accessible to the organizers and the participating teams who travel extensively and devote most of their time to Formula 1 races. He added that the summer break will be extended to three weeks in August, and drivers will get an additional three-week gap between September and October.

Prince Khalid bin Sultan Al Abdullah Al-Faisal, Chairman of the Saudi Automobile and Motorcycle Federation (SAMF) and the Saudi Motorsport Company (SMC), noted that the Jeddah Corniche Circuit is among the most challenging circuits on the Formula 1 calendar and has witnessed fierce competition during the previous three editions.