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An aerial view shows the Hungaroring circuit before the Hungarian F1 Grand Prix in Mogyorod, near Budapest July 28, 2013. REUTERS/ORFK-National Police Headquater/Sandor H Szabo/Handout via Reuters (HUNGARY - Tags: SPORT MOTORSPORT F1) NO SALES. NO ARCHIVES. FOR EDITORIAL USE ONLY. NOT FOR SALE FOR MARKETING OR ADVERTISING CAMPAIGNS. THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. IT IS DISTRIBUTED, EXACTLY AS RECEIVED BY REUTERS, AS A SERVICE TO CLIENTS

Hungarian Grand Prix on F1 calendar until 2032

The Hungarian Grand Prix will remain on the Formula 1 calendar until at least 2032 after a five-year extension was confirmed ahead of qualifying at Hungaroring on Saturday.

The Hungarian Grand Prix will remain on the Formula 1 calendar until at least 2032 after a five-year extension was confirmed ahead of qualifying at Hungaroring on Saturday.

FOM announced in a statement the contract extension from 2027 came after the announcement of the significant refurbishment of the Hungaroring, including a new pit building and main grandstand.

Hungary has been part of the world championship since 1986 with its circuit some 20km outside Budapest.  Seven-time F1 world champion Lewis Hamilton has won there a record eight times. More than 300,000 fans are expected to attend this weekend’s race, up from 290,000 last year.

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F1 chief executive Stefano Domenicali said: “To see the commitment from the promoter in Hungary to develop the facilities and further enhance the experience for fans is another important step and something we want to see all our events doing.”

Hungaroring president Zsolt Gyulay said the circuit renovations were expected to be completed by 2026: “Given the astonishing rise in F1’s global popularity, which now sees more venues than ever before competing to join the calendar, today’s signing marks a hugely significant achievement for us. (Reporting by Alan Baldwin)