Morocco is the North African country investing $1.2 billion in a megaproject to host Formula 1 (F1) races again, potentially boosting the local economy and creating around 10,000 new jobs. The project involves building a racetrack with FIA standard specifications, a theme park, shopping mall, hotels, and a marina near Tangier. Scheduled to start in 2025 and finish by 2027, this development aims to position Morocco as a tourist and innovation hub globally.

*Key Features of the Project:*

- *Location*: 20km south of Tangier, Morocco

- *Cost*: $1.2 billion (public and private investment)

- *Components*: Grand Prix circuit, theme park, shopping mall, hotels, marina

- *Expected Outcome*: 10,000 new jobs, economic transformation, increased tourism

*Morocco's F1 History:*

- Hosted the Moroccan Grand Prix at the Ain-Diab Circuit in Casablanca in 1958

- Currently has the Circuit International Automobile Moulay El Hassan in Marrakech, which hosts various international racing events

*Impact on Africa:*

- Returns F1 to the African continent after a 30-year absence

- Showcases Morocco's natural beauty, cultural heritage, and urban landscapes

- Potentially boosts Africa's global sports and economic presence ¹