Plans for F1 teams to relocate HQs to Saudi Arabia
08 Jan 2023; MEMO: Saudi Arabia is looking to bring Formula 1 racing teams to the region, with its sights set on McLaren and Aston Martin to relocate their headquarters to the kingdom.
Prince Khalid Bin Sultan Al-Faisal, president of the Saudi Automobile and Motor Federation reportedly wants to compete with Britain by becoming a major motor racing hub and hosting some of the top F1 teams. Currently, Britain is home to seven of the 10 F1 teams.
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