Formula 1 Secures Two-Year Deal for Portuguese Grand Prix Return at Portimão

Formula 1® has announced a commercial agreement, securing the return of the Portuguese Grand Prix for the 2027 and 2028 seasons at the Autódromo Internacional do Algarve (Portimão).

The two-year deal involves key strategic partners: the Portuguese government, Turismo de Portugal, and promoter Parkalgar, Parques Tecnológicos e Desportivos, S.A.

This agreement reinforces F1’s growing calendar demand and provides a substantial economic boost to Portugal’s Algarve region.

The decision to bring F1 back to Portimão, which last hosted races in 2020 and 2021, was driven by strong interest, according to Stefano Domenicali, President and CEO of Formula 1, who stated that the interest and demand to host a Formula 1 Grand Prix is the highest that it has ever been.

Minister of Economy and Territorial Cohesion of Portugal, Manuel Castro Almeida, said: “The F1 Grande Prémio de Portugal will have a direct impact on economic activity, generating opportunities throughout the economic chain, from tourism to trade, and services to SMEs, projecting the country as a competitive and reliable destination.”

He added that hosting the Grand Prix “reinforces our regional development strategy, enhancing the value of the territories and creating opportunities for local economies.”

Chairman and CEO of the Autódromo Internacional do Algarve, Jaime Costa, confirmed the circuit’s excitement, noting the return will deliver a powerful boost for our tourism, region, and community.

The two-year program is expected to deliver a significant financial honour and global projection for Portugal’s image worldwide.

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