Saudi Arabia is considering the purchase of a Formula 1 team, as expressed by Prince Khalid bin Sultan Al-Abdullah Al-Faisal. The country has made significant investments in motorsport, partnering with companies like Aramco and Maaden as sponsors of the Aston Martin F1 team and collaborating with the Public Investment Fund on Formula E initiatives. This interest in acquiring a team reflects Saudi Arabia’s ongoing commitment to expanding its presence in the motorsport industry.
