It is understood the deal is for till the end of 2030, also it will be a street race set to be held at night in Jeddah.
It will be the third Formula 1 event in the Middle East, following on from Bahrain and Abu Dhabi, which joined the calendar in 2004 and 2009 respectively.
Coming in 2021...#SaudiArabianGP @SaudiArabianGP pic.twitter.com/F787sAxn1z
— Formula 1 (@F1) November 5, 2020
Jeddah has so far only been confirmed for 2021 with Saudi Arabia’s Grand Prix expected to move to a new facility in 2023 as part of the long-term arrangement.
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