Breaking 12:50 Dollar surges as Trump ultimatum to Iran nears deadline 12:20 Goldman Sachs raises oil forecasts as Hormuz crisis disrupts supply 12:15 Pakistan vows to “eradicate terrorist threat” as truce with Afghanistan ends 12:00 London ambulances targeted in anti-semitic attack 11:50 KPMG introduces AI kill switches amid rising autonomous agent risks 11:45 OpenAI offers attractive private equity deals in enterprise AI race 11:30 Reliance Jio prepares for landmark IPO amid telecom and tech expansion 11:20 Berkshire Hathaway buys $1.8 billion stake in Tokio Marine 11:17 Bitcoin rally could trigger $5 billion short squeeze near $75,000 11:15 Vincent Bolloré to testify before public broadcasting inquiry on March 24 11:10 “Like a woman” campaign promotes global recognition of female leadership 11:00 Swiss tourist faces jail for criticizing Bali religious festival 10:50 IAEA chief says war cannot eliminate Iran nuclear program 10:45 US stock futures drop as Middle East tensions shake rate-cut expectations 10:30 Taiwan opposition leader says improving China ties doesn’t mean being anti-US 10:20 Avian flu outbreaks surge globally as spring migration begins 10:15 Elon Musk announces ambitious AI chip manufacturing project 10:00 Danone moves into protein market with huel acquisition 09:55 Laila Benjelloun Touimi drives inclusive leadership and sustainability strategy 09:50 China urged to cut forex reserves and reduce US Treasury holdings 09:45 European stocks drop sharply at Monday opening amid oil and Middle East tensions 09:30 Indian sugar mills boost exports amid weak rupee and rising global prices 09:21 Global energy crisis surpasses 1970s shocks amid Iran standoff 09:20 Nvidia CEO criticizes AI layoffs as lack of vision 09:15 Former French Prime Minister Lionel Jospin dies at 88 09:00 Monte dei Paschi faces governance tensions as CEO role comes under scrutiny 08:50 Helium shortage from Iran conflict disrupts global chip supply 08:45 Italy fines Trustpilot €4 million over misleading consumer practices 08:37 Brent oil hits highest level since 2022 amid Iran conflict 08:30 Starmer condemns ‘deeply shocking’ antisemitic attack on ambulance service in London 08:20 Earth climate reaches unprecedented imbalance, warns WMO report 08:15 China warns of ‘vicious cycle’ if Middle East conflict escalates 08:00 Greece opens trial over 2023 train crash that killed 57 people 07:50 Gold extends sharp decline as rate cut hopes fade in March 07:45 Finnair selects Embraer over Airbus for narrow-body fleet renewal 07:30 Chinese commerce minister meets Volkswagen and Bosch leaders to discuss trade ties 07:15 Air Canada plane collides with vehicle at LaGuardia airport, traffic disrupted 07:00 Thailand faces deadline to erspond to U.S. Section 301 trade investigation 17:30 ICE agents to be deployed in U.S. airports amid TSA staffing shortages 17:00 Hundreds protest in Damascus against new alcohol restrictions 16:30 Zelenskiy calls on allies to maintain pressure on Russia ahead of US talks 16:15 Cuba says its military is preparing for a possible us invasion amid rising tensions 16:00 ICC prosecutor allegations remain under review despite media report of exoneration 15:30 Dalmatian pelican, one of the heaviest flying birds, sighted in eastern Türkiye 15:00 Iran threatens to fully close the Strait of Hormuz amid rising tensions with Washington 14:45 Seven killed in Qatar military helicopter crash including three Turkish nationals 14:43 Team of the Week: Morocco crowned African champion after 50 years… and the surprises continue 14:30 Suspicious death of police officer in Settat leads to detention of young woman 14:15 China signals more balanced trade and greater economic opening after record surplus 13:50 Trump orders deployment of immigration agents to US airports amid funding dispute 13:30 Slovenia limits fuel purchases as shortages hit petrol stations 13:00 Cuba begins recovery after second nationwide power grid collapse in a week

Morocco's ambitious $1.2 billion bid to host Formula 1

Thursday 29 May 2025 - 08:50
By: Dakir Madiha
Morocco's ambitious $1.2 billion bid to host Formula 1

Morocco is positioning itself to re-enter the arena of Formula 1 racing with an ambitious $1.2 billion project near Tangier. This initiative aims to end the continent's 32-year absence from the sport, as the last Formula 1 race on African soil took place in 1993.

The proposed development is located just 20 kilometers south of Tangier and will feature a Grade 1 circuit capable of hosting Formula 1, World Endurance Championship (WEC), and MotoGP events. In addition to the racing circuit, the project includes a theme park, shopping mall, hotels, and a marina, promising to create an estimated 10,000 jobs.

Private investment of $800 million has already been secured, with hopes that the remaining funds will follow pending approval from the highest levels of the Moroccan government. The project is being led by former McLaren and Lotus team principal Eric Boullier, who emphasized the site's potential during a feasibility study. "We found the spot they selected met all the criteria," Boullier stated.

Describing the development as "a mini-Abu Dhabi," Boullier envisions a self-sustaining tourism ecosystem bolstered by the site’s strategic proximity to Europe. The industrial port of Tanger Med, situated 45 kilometers northeast of Tangier, offers easy access from the Spanish port of Algeciras, enhancing logistical efficiency for F1 teams.

F1 CEO Stefano Domenicali has confirmed ongoing discussions with three African nations about hosting a race, with South Africa and Rwanda previously mentioned as contenders. However, Boullier believes the Moroccan project would be a superior choice compared to its rivals.

If the project receives the green light, Boullier anticipates that most construction, particularly the F1 track, will be completed within three years. "It would make sense to hold F1 there, making it the pinnacle of the year," he added, highlighting the need for an ecosystem that can thrive year-round.

Morocco's bid represents a significant step toward revitalizing its sporting landscape, particularly as the country seeks to attract major international events. This initiative not only aims to host a Grand Prix but also positions Morocco as a burgeoning hub for sports tourism, aligning with its aspirations to host the 2030 FIFA World Cup final in a proposed mega-stadium in Casablanca.

The venture into Formula 1 is not without its challenges. Concerns have already arisen from Spanish media regarding the implications for the future of the Spanish Grand Prix at the Circuit de Barcelona-Catalunya, which currently lacks a contract extension beyond 2026. As Morocco moves forward with its plans, the world will watch closely to see if this ambitious bid can indeed bring Formula 1 racing back to Africa.


  • Fajr
  • Sunrise
  • Dhuhr
  • Asr
  • Maghrib
  • Isha

Read more

This website, walaw.press, uses cookies to provide you with a good browsing experience and to continuously improve our services. By continuing to browse this site, you agree to the use of these cookies.