“With U.S. Grand Prix in Mexico next year, and with more races planned, we expect to continue to expand our presence globally by end of 2020,” said Richard Dennis, FIA President.
In addition to the event at Autodromo Hermanos Rodriguez in Mexico City next year, the Sports and Entertainment World Tennis Championship (SEWC) and several international groupings are also set to make investments at the circuit, the City of Monterrey said in a statement on Tuesday.
The planned investments in the next fiscal year are worth $250 million, City of Monterrey’s Deputy Mayor, Pedro Solano, said, according to Reuters. Mr. Solano said the investments would bring in an additional 3,000 jobs and a total investment of $2.5 billion.
An English final round of the annual Tennis Masters in the business region’s main stadium will be held at Monterrey (Nov. 26-30, 2020) while the French Open (May 22-30, 2020) and Davis Cup (June 6-10, 2020) will also be played in Monterrey.
“We’ve always been very welcoming for the sporting world, particularly tennis and baseball,” Mr. Solano said, adding that the Formula One race would take place every summer.
“There was a lot of work to improve the infrastructure, to increase the capacity of the circuit, to improve the timings, increasing security and the capacity of the hospitality, which is at approximately 20,000 seats,” he said.