عربي English Türkçe اردو فارسى
Logo
Latest News
Sports

Aramco Extends Partnership with Aston Martin F1 Team to Become Official Title Partner

Nov 17, 2023; Las Vegas, Nevada, USA; Aston Martin Aramco Cognizant driver Fernando Alonso (14) of Spain drives during the qualifiers at the Las Vegas Strip Circuit. Mandatory Credit: Lucas Peltier-USA TODAY Sports
Nov 17, 2023; Las Vegas, Nevada, USA; Aston Martin Aramco Cognizant driver Fernando Alonso (14) of Spain drives during the qualifiers at the Las Vegas Strip Circuit. Mandatory Credit: Lucas Peltier-USA TODAY Sports
TT
TT

Aramco Extends Partnership with Aston Martin F1 Team to Become Official Title Partner

Nov 17, 2023; Las Vegas, Nevada, USA; Aston Martin Aramco Cognizant driver Fernando Alonso (14) of Spain drives during the qualifiers at the Las Vegas Strip Circuit. Mandatory Credit: Lucas Peltier-USA TODAY Sports
Nov 17, 2023; Las Vegas, Nevada, USA; Aston Martin Aramco Cognizant driver Fernando Alonso (14) of Spain drives during the qualifiers at the Las Vegas Strip Circuit. Mandatory Credit: Lucas Peltier-USA TODAY Sports

Saudi Aramco, one of the world’s leading integrated energy and chemicals companies, and Aston Martin Formula One Team announced on Thursday a long-term extension of their partnership.

From January 1, 2024, the Silverstone-based team will be known as the Aston Martin Aramco Formula One Team. From 2026, Aramco intends to provide best-in-class technology to deliver advanced fuels and lubricants to the team, alongside the team’s new works power unit engine partnership with Honda.

Nabeel A. Al-Jama’, Aramco Executive Vice President Human Resources & Corporate Services, said: “We are delighted to extend our partnership and become the exclusive title partner of the Aston Martin Aramco Formula One Team.”

“Since partnering with the team in 2022, we have witnessed the team take significant strides forward and have enjoyed celebrating some very special moments, including eight podiums this season,” he added.

“The future for the Aston Martin Aramco Formula One Team is bright, and today’s news reaffirms our long-term commitment to Aston Martin where Aramco’s expertise and technology can contribute to advanced car performance, especially with our development of advanced fuels and lubricants,” he stressed.

Lawrence Stroll, Aston Martin Aramco Formula One Team Executive Chairman, said: “We are very proud to continue and strengthen our successful partnership with Aramco. We already enjoy an important strategic relationship and their support as our title partner for the next five years is a clear demonstration of our shared ambition.”

“Since 2022, they have played a key role in Aston Martin’s Formula One journey and their contribution will only become more significant in the years ahead. We are working together on several key initiatives, including the development of advanced fuels for 2026, when we begin our Honda works power unit partnership,” he stated.

“Aramco’s expertise and products will make a real contribution to our on-track performance and add significant value in many other areas of our organization, especially at our new AMR Technology Campus,” he remarked.

Together, Aramco and the Aston Martin Aramco Formula One Team will work on joint science, technology, engineering and mathematics (STEM) initiatives to inspire the young technicians, engineers and drivers of the future.

Most Viewed

 
 
Sports

Saudi Arabia’s Sports Boulevard to Showcase Transformative Urban Development at MIPIM 2025

Saudi Arabia’s Sports Boulevard to Showcase Transformative Urban Development at MIPIM 2025
TT
TT

Saudi Arabia’s Sports Boulevard to Showcase Transformative Urban Development at MIPIM 2025

Saudi Arabia’s Sports Boulevard to Showcase Transformative Urban Development at MIPIM 2025

Saudi Arabia’s Sports Boulevard Foundation announced its participation in MIPIM 2025, the world’s leading real estate investment event, taking place in Cannes, France from March 11 to 14.

As part of the “Invest Saudi” delegation, the foundation will present key investment opportunities and urban development insights, reinforcing Riyadh’s evolution into a global hub for sports, wellness, and sustainable living.

Sports Boulevard—one of Riyadh’s mega-projects—is set to become the world’s largest urban regeneration linear park, spanning more than 135 km across the capital. The project integrates cutting-edge sports infrastructure, vibrant public spaces, and sustainable mobility solutions, aligning with Saudi Vision 2030's goals of enhancing quality of life and economic diversification.

The first phase of Sports Boulevard, opened in February 2025, includes five key destinations along an 83 km stretch, marking a significant milestone in the foundation’s commitment to innovative urban development.

As of December 2024, the project has secured substantial investments, including a combined real estate investment fund valued at approximately $1.47 billion (SAR5.5 billion), which will further boost private-sector participation.

At MIPIM, the foundation will engage with global investors, urban planners, and real estate developers, showcasing prime opportunities across various sectors. Sports Boulevard offers over four million square meters of gross floor area (GFA) earmarked for private-sector participation, including high-end residential units, commercial and retail spaces, and sports venues. This strategic space is poised to attract global investors and developers eager to contribute to Riyadh’s transformation.

CEO of the Sports Boulevard Foundation Jayne McGivern commented: "Sports Boulevard is more than an urban development; it’s a movement towards a healthier, more sustainable future. We are showcasing Riyadh as a global model for active living, where sports, wellness, and urban infrastructure converge to foster a thriving community."

"With world-class sports facilities, green mobility networks, and vibrant public spaces, the project offers unmatched investment and innovation opportunities in real estate and sustainable urban planning," he said.

With over 4.4 million square meters of green spaces, 220 km of cycling pathways, and an extensive 135 km pedestrian network, Sports Boulevard is redefining urban livability in Riyadh. The project also includes 15 km of dedicated horse-riding trails, more than 50 multidisciplinary sports facilities, and a network of tree-lined walking paths and shaded areas, encouraging outdoor activities in the city’s evolving landscape.

Sports Boulevard is unlocking significant investment opportunities for local and international investors across core asset-class real estate, sports, and infrastructure. Launched by Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud on March 19, 2019, and chaired by Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, the project aims to improve the quality of life for residents and visitors by offering integrated infrastructure, pedestrian pathways, cycling and horse-riding trails, and world-class sports facilities.