SEPANG INTERNATIONAL CIRCUIT (SIC) will lobby for an extension of its contract to host the Formula One Grand Prix which ends in 2015.
SIC chief executive officer Datuk Razlan Razali said the F1 is relevant to the country due to its positive impact and there was no reason for the SIC to not organise the event, especially so when the government has been strongly backing the event since it was first staged in Sepang.
āThe F1 is the third biggest event after the Olympics and World Cup. Since organising the F1 involves a huge cost, it needs the support of the government
āWe need an event like the F1 to promote Malaysia. It not only promotes the country but gives a big impact to the economy of the country,ā he told Bernama.
Malaysia is the second stop in the F1 calendar this year with the race from March 28-30. Australia will host the first round March 14-16.
