Prime Minister Edi Rama announced that Albania is on the final step before securing a “Formula 1” deal. He made the statement during the podcast “Flasim,” where he was joined by Gentjan Shaqiri, a champion in the FIA system for the entire Central European region in motorsport.

Rama revealed that Albania has had high-level discussions with “Formula 1” representatives and expressed strong confidence that the agreement will be reached. 

“We will be the first developing country to join ‘Formula 1,’ and this is a result of what has happened with Albania and the rise in its reputation and respect. It is the outcome of efforts to build connections that have allowed people to see Albania in a new light. I believe we have achieved this, but I never say it’s finished until it’s actually done. That’s my approach to every task. We are in the final step before signing, and with God’s help, I believe it will happen. It’s a concept highly appreciated by ‘Formula 1.’ We have had several high-level discussions. It’s a very interesting concept because it’s not just a racing circuit, but a park with road safety as the core of the project,” Rama explained.

The Prime Minister highlighted that this project could serve as an economic catalyst for the country.

“This is the factor that has made our project highly attractive and placed us at the forefront, as there is a high demand to host ‘Formula 1.’ Among all sports, this is one where a race is watched by 1 billion people. Imagine how many of them will consider visiting Albania and Elbasan next year. It poses challenges for our hotel infrastructure, but it represents a significant economic boost for the country,” Rama was quoted as saying.