Spain's Prime Minister skips Madrid's high-profile Formula 1 Grand Prix

The possible absence of **Pedro Sánchez** from the **Formula 1** Grand Prix in **Madrid** raises questions about the economic and political visibility of major events.

## The economic impact of F1

The arrival of **Formula 1** in **Madrid** in **2026** promises to be a considerable economic engine. According to projections by consultancy firm **KPMG**, the event is estimated to generate an economic impact of **450 million euros** in its first year. This impact spreads across various sectors, from tourism and hospitality to direct and indirect job creation. Investment in infrastructure and the city's international promotion are other tangible benefits.

## Politics and major events

The presence of senior political figures at events of this magnitude is usually a sign of institutional backing and recognition of their economic and social importance. The absence of a figure such as the Prime Minister can be interpreted in various ways, from a scheduling issue to a strategic decision. **Formula 1** is not just sport; it is also a global showcase that attracts investment and projects an image of modernity and organisational capability.

## An event with worldwide reach

The **Formula 1** Grand Prix in **Madrid** is shaping up to be one of the most important sporting events of the next decade in **Spain**. The pinnacle of motorsport attracts millions of fans worldwide, and hosting a race in the Spanish capital is a unique opportunity to boost tourism and the **Spain** brand internationally. Expectations are high, and the involvement of all institutions is key to its success.