Formula One set for return to Portugal

Formula One has announced a new two-year partnership agreement with the Portuguese government, Turismo de Portugal, and promoter Parkalgar, Parques Tecnológicos e Desportivos, S.A, which will see Formula One return to Portugal for racing in 2027 and 2028. The deal will see the Portimão track, also known as the Autódromo Internacional do Algarve, host the Portuguese Grand Prix in 2027 and 2028. F1 last raced at the Autódromo Internacional do Algarve in 2020 and 2021. 

Stefano Domenicali, President and CEO, Formula One, commented,

“I’m delighted to see Portimão return to the Formula 1 calendar and for the sport to continue to ignite the passion of our incredible Portuguese fanbase. The circuit delivers on-track excitement from the first corner to the chequered flag, and its energy lifts fans out of their seats. The interest and demand to host a Formula 1 Grand Prix is the highest that it has ever been, so I would like to thank Prime Minister, Luís Montenegro, the Minister of Economy and Territorial Cohesion of Portugal, Manuel Castro Almeida, the Secretary of State for Tourism, Commerce and Services, Pedro Machado, President of Turismo de Portugal, Carlos Abade, President of the Algarve Tourist Board, Andre Gomes and CEO and Chairman of the Algarve International Circuit, Jaime Costa for their support in bringing F1 back to Portugal. I look forward to working together again to ensure that Portimão returns to the calendar in emphatic style.”

Manuel Castro Almeida, Minister of Economy and Territorial Cohesion of Portugal, said,

“Portugal is back on the Formula 1 map. 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. Hosting the Grand Prix in the Algarve reinforces our regional development strategy, enhancing the value of the territories and creating opportunities for local economies. This will be an event that, in addition to being a source of prestige for our country, will enhance Portugal’s image throughout the world.”

Jaime Costa, Chairman and CEO of Autódromo Internacional do Algarve, said,

“We are thrilled to welcome Formula 1 back to Portugal and to the Autódromo Internacional do Algarve. The Portuguese Grand Prix will showcase the excellence of our circuit and the passion of our fans, delivering a powerful boost for our tourism, region, and community. This achievement was only made possible with the continuous support – since the beginning – of the Portuguese Government. Portimão’s unique “rollercoaster” layout will challenge the best drivers in the world and create a spectacle that fans will love. We look forward to creating unforgettable moments and setting new standards of excellence on and off the track.”