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“Azerbaigan” acquires FORMULA-1 Racing and generates $ 506.3 mln as ‘security & safety’ spread

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Baku – Dr. Emil Rahimov

International events and sports competitions in the city of Baku, the capital of Azerbaijan, have received great attention at the official and popular levels because of its advertising and economic status in the country.

It is worth mentioning here that in the past ten years, more than 300 international competitions have been held in Azerbaijan. Sport is not just fun and interest, but rather an important factor in defining every country in the world.

For several years now, Azerbaijan has been hosting large-scale international competitions and prestigious events and it is no coincidence that Azerbaijan is entrusted with hosting such important events. This reflects Azerbaijan’s status and weight in the world and its reputation before the international community and international organizations.

It should also be noted that the Republic of Azerbaijan is an example of tolerance, and representatives of religions and peoples live in conditions of peace, security and safety.

If we look at recent years, we can see that Azerbaijan has hosted very important events. For example, Baku International Humanitarian Forum, Global Intercultural Dialogue Forum, Religious Leaders Summit, Baku World Forum and other events are being held in Azerbaijan.

Azerbaijan’s hosting of international events and competitions is also important in terms of introducing the country. Because during the most prestigious international competitions, world media representatives publish a lot of information about our country. We know very well that every tourist is interested in collecting information about the country he is visiting.

There is a saying that goes: It is better to see once than to hear a hundred times. Therefore, tourists come to see our country, its development and all its beauty with their own eyes.

As a result, we want to emphasize that the international events taking place in Azerbaijan form a positive image and impressions of our country.

And in recent years it has become popular to hold world and European championships in various sports in our republic. Such as:

In 2015, Azerbaijan hosted the first European Games held for the first time in history.

– Starting from 2016, the “Formula-1” Grand Prix is held every year in our republic.

In 2017, the Fourth Islamic Solidarity Games were held in our country with great success.

Organizing an international sports competition such as “Formula 1”, which has gained great popularity in the world, in Baku brings serious economic benefits.

So far, the Formula 1 races held in Baku have brought in a total of $506.3 million to the country’s economy.

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