Formula 1 owner, Liberty Media have always expressed their desire to take the sport to new venues, with a recent report citing Colombia as a potential new host for the pinnacle of motorsport.
The Colombian city of Barranquilla has opened discussions with Formula 1 organizers Liberty Media to host a race, the city's mayor and country's president said.
Although there are no Formula 1-grade tracks in Colombia, city officials said the economic attractions were tempting.
"It would duplicate the number of tourists that come here - and over just three days. We are daring to dream," said Barranquilla mayor Jaime Pumarejo.
Columbia submitted a proposal to Liberty
The country's president Ivan Duque told an audience in Barranquilla on Saturday they had presented their proposals to Liberty Media and said: "Count on us."
The idea involves building "a semi-urban" venue, Duque said.
Further details about the bid were not disclosed.
There are a record 23 races scheduled this year and although organisers are keen to expand the sport's geographical reach, they have looked primarily at adding venues in Africa and the United States.
Formula 1 currently has Latin American races in Mexico and Brazil. (
Writing by Andrew Downie; additional reporting by Luis Jaime Acosta in Bogota
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