Azerbaijan's F1 Revenue Soars Annually - Baku City Circuit Director

2024-09-06 07:19:23

(MENAFN- Trend News Agency) BAKU, Azerbaijan, September 6. Formula 1 continues to expand globally, significantly enhancing the international prestige of host countries while offering substantial economic benefits, Director of the Baku City Circuit Operating Company, Magsud Farzullayev, highlighted the growing impact of the event in an interview with Euronews, Trend reports.

"Since 2016, Azerbaijan has seen a yearly increase in revenues from tourism, foreign interest, and contributions to the local economy.

During the competition days in Baku, we expect a large influx of tourists and fans. Compared to last year, the seating capacity has increased by 35 percent," Farzullayev noted.

The Euronews report revealed that around fifteen hundred staff members, two thousand volunteers, and more than fourteen hundred marshals are involved in organizing the race scheduled for September.

All city hotels are fully booked. The Baku City Circuit has incorporated the latest technical innovations, and there have been positive changes in road infrastructure. The report also addressed safety and environmental protection measures.

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