The Spanish Grand Prix will initially be held in the Spanish capital until 2035 and wi൲ll t𝓡ake place around a hybrid track featuring “street and non-street sections”.

The 5.47km ci𓂃rcuit, located arounꦏd the IFEMA exhibition centre between the city centre and Barajas airport, will be “one of the calendar’s most accessible races”, according to F1.

It will mark the first time sincꦛe 1981 that Madrid has staged a grand prix, with the Spanish Grand Prix previously being held at the Jarama cirꦫcuit.

"Madrid is an incredible city with amazi🐷ng sporting and cultural heritage and today's announcement begins an exciting new chapter for F1 in Spain,🧜” F1 president and chief executive Stefano Domenicali said on Tuesday.

FIA president Mohammed Bཧen Sulayem added: “Modern F1 cars racing on a new circuit in the Spanish capital city of Madrid is an enticing prꦬospect.

“As we build towards the introduction of the FIA 2026 Formula ෴1 ๊regulations, which have been framed with net-zero carbon by 2030 in mind, it is pleasing to see that the local organisers have placed a sharp focus on environmental sustainability.”

What happens to Barcelona?

The Spanꦆish🔯 Grand Prix has been held at the Circuit de Barcelona-Catalunya since 1991.

Barcelona will continue ❀to stage a race until at least 2026, when its curre💝nt contract expires, meaning there will be two grands prix in Spain for at least one year.

F1 remains in discussions with Barcelona about the futu🌳re and Madrid’s addition to the calꦰendar does not necessarily mean the end for the Catalonia race.

At this stage it has not been ruled out that both Spanish cities could host a race on the calendar in future seasons.