Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Reuters
Reuters
Business

Saudi Arabia to host Formula E's 2018-19 season opener

FILE PHOTO: Formula E - Zurich ePrix - Zurich, Switzerland - April 20, 2018. A woman takes a picture as driver Sebastien Buemi of Team Renault e.Dams stops his Formula E race car during a showcase promoting the ABB FIA Formula E Championship race in Zurich on June 10, on a street by the Limmat river. REUTERS/Arnd Wiegmann

LONDON (Reuters) - The all-electric Formula E motor racing series will start its 2018-19 season in Saudi Arabia, the world's top oil exporter, organisers said on Thursday.

The December race in Riyadh's Ad Diriyah district, on the outskirts of the capital, will be the first involving the season five next generation cars and marks Formula E's debut in the Middle East.

The city-based series said it had reached a 10-year agreement with the kingdom's General Sports Authority and national motor federation.

"Saudi Arabia is looking to the future and Formula E is the motorsport of the future," Prince Abdulaziz bin Turki Al Faisal al Saud, vice-chair of the GSA, said in a statement on the Formula E website.

"It aligns perfectly with the country’s 2030 vision and offers the prospect of world-class racing on the streets of the capital for the first time in our history," he added.

"This is the latest in a series of game-changing sports events that the people of Saudi Arabia will now be able to enjoy as families, with benefits that go far beyond the sport to deliver a positive impact across our society."

Saudi Arabia announced last year that, from June, women would be allowed to drive cars -- ending the world's only ban on female driving.

In January, women fans were allowed to attend a men's soccer match for the first time.

"Many other sports are already increasing their presence in Saudi Arabia and we’re proud that they’ve chosen Formula E over other categories in racing," said Formula E founder and chief executive Alejandro Agag.

"Most countries are now looking to Formula E, especially Saudi Arabia which is concentrating on the development of new technologies, renewable energies and electric vehicles."

Saudi Arabia is targeting 9.5 gigawatts of annual renewable energy by 2023 in line with Vision 2030, an economic reform plan launched in 2016 to diversify the economy beyond oil.

The renewable programme involves investment of between $30 billion and $50 billion by 2023.

(Reporting by Alan Baldwin, editing by Toby Davis)

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.