The construction of the first F1 racetrack in the Riviera Maya is expected to begin in February 2022 and will be finished by November 2025, as announced by Grupo Constructor Cancún and ratified by the Federal Government. It is planned to be built in the Riviera Maya nearby Puerto Aventuras, along with an 18-hole golf course, two five-diamond hotels with 120 rooms each, and enough space to hold festivals, concerts and other cultural events.
This new racetrack will be nine-kilometer-long on an area of 1000 acres with a capacity for 130k spectators. According to the words of Grupo Constructor Cancun, it could be at the same level or even above circuits such as the “Yas Marina” in the United Arab Emirates.
The investment for this project rounds around 185 million dollars. The federal government is studying how to link the new racetrack with the portfolio of strategic projects linked to “Cancun 2050” agenda
Within the “Cancun 2050” agenda, consists of the project called Cancun Airport Terminal, a macro-project for housing and entertainment, a convention center, exhibitions, concerts and other associated uses of a social nature.
The Formula 1 business represents more than USD 700 million of economic spills to the local economy, as we saw it the Mexican Grand Prix which happened last November in Mexico City. It is clear that the majestic nature and the blue sea of the Riviera Maya, will this project unique with no comparison or competition.
These developments generate new attractions for the millions of tourists who visit the Riviera Maya each year and will definitely have a positive impact on the added value of the area.
Investing today in Riviera Maya is a smart decision since the return for each USD invested has greater certainty than any other destination in the Mexican Republic.