Sepang:The Malaysian government has begun discussions about the possibility of hosting Formula One (F1) races again, as announced by Prime Minister Datuk Seri Anwar Ibrahim.

According to BERNAMA News Agency, Prime Minister Anwar revealed that preliminary conversations have started with F1 President and CEO Stefano Domenicali. However, these discussions are still in the early stages. He expressed that while the door for negotiation is open, a careful evaluation of the potential benefits and costs is necessary.

Anwar highlighted that any decision to reintroduce the F1 race in Malaysia would require thorough consideration of the economic implications and the significance of the event for the nation. Previously, Malaysia hosted the Malaysian Grand Prix at the Sepang International Circuit (SIC) from 1999 until 2017, when it was removed from the F1 calendar due to high organizing costs.

Last July, F1 announced Malaysia as the host for the Gulf Air Bahrain Grand Prix, scheduled from October 2-4, marking the event's comeback to SIC after nine years. This move followed agreements between Formula 1, the F©d©ration Internationale de l'Automobile (FIA), and the governments of Malaysia and Bahrain.

Prime Minister Anwar, who met with Domenicali at the Sepang International Circuit, shared that the prospects of permanently reinstating the Malaysian Grand Prix in the F1 calendar were discussed. While fans are eager for its return, Anwar noted that the process would be time-consuming due to scheduling and contractual obligations with current host countries. This matter is set to be further examined by the Malaysian Cabinet to align with the nation capabilities and benefits.