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Madrid Declares Madring Circuit Ready as Organizers Report Strong Sales and Big Economic Gains

IFEMA and regional officials say the expanded IFEMA venue is finished and project large tourist and fiscal returns with no regional public funding used

Overview

  • IFEMA says construction of the Madring circuit and the expansion of IFEMA pavilions are complete and ready to host the Formula 1 Grand Prix at the site.
  • Organizers project about €450 million in annual economic impact for the region and roughly 8,000 direct and indirect jobs from the event.
  • Ticket demand is strong with more than 100,000 tickets sold, three‑day attendance capacity above 350,000 and premium hospitality largely purchased.
  • The Paddock Club is reported sold out at 5,000 capacity with around 75% of those places taken by international buyers, and IFEMA expects nearly 45,000 international visitors overall.
  • Regional leaders stress the race required no Madrid public funding and contrast that claim with reports that Catalonia’s race received over €40 million in public contributions while local works caused some neighborhood disruption during construction.