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Formula 1 in talks over Saudi race deal

Ferrari's Charles Leclerc leads teammate Sebastian Vettel on the parade lap during the 2019 Bahrain Grand Prix (by Clive Mason/Getty Images)

Formula 1 is in talks over staging a grand prix in Saudi Arabia, with reports claiming that a deal worth £50m (€58.3m/$64.9m) per year is under discussion.

The motor-racing series could stage its first race in Saudi Arabia as early as 2021, according to the Daily Mail. It is claimed that the inaugural Saudi GP could be held as a street-race in Jeddah, before moving to Qiddiya, a huge multi-purpose project being developed around 45km from the capital Riyadh.

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