Malaysia MotoGP expected to contribute RM694 million to GDP with 6.3x ROI and create over 4,000 jobs, attracting 16,000 international visitors.
THE Malaysia MotoGP is projected to generate RM694 million in economic returns to the country’s gross domestic product for 2024.
Finance Minister II Datuk Seri Amir Hamzah Azizan revealed the event produces a return on investment of approximately 6.3 times for every RM1 invested by the government.
He stated that organising the Malaysian Motorcycle Grand Prix creates more than 4,000 job opportunities.
“This event supports tourism as it involves the presence of more than 16,000 international visitors,” he said during his winding-up speech for the Supply Bill 2026 in the Dewan Rakyat.
Amir Hamzah confirmed the government has taken over operation of the Sepang International Circuit to expand motorsports activities.
The takeover aims to promote Malaysia as an international motorsports destination.
Although Formula One racing has ceased at the circuit, Malaysia continues to host the MotoGP event.
SIC’s racetrack utilisation now exceeds 75% of capacity through regional racing series.
These include Asia Le Mans, GT World Challenge Asia and Asia Road Racing championships.
“The government will continue to look at how the SIC facilities can be further optimised to generate additional returns to the national economy,” he added. – Bernama
