Sepang International Circuit (SIC) has announced a significant increase in rental rates for the Petronas Sepang International Circuit, effective April 1. The FIA grade one circuit, renowned for hosting events like the Petronas Grand Prix of Malaysia, will witness rental hikes of up to 45%, emphasising the circuit’s commitment to maintaining the highest standards.
As reported by NST, under the new rate card, weekday day sessions will experience a 27% increase, rising from RM55,000 to RM70,000. Weekend rates for day sessions will see a 32% hike, moving from RM60,500 to RM80,000. Night sessions during weekdays will undergo a 41% increase, from RM55,000 to RM78,000, while weekend night sessions will face the highest surge at 45%, climbing from RM60,500 to RM88,000.
These rates include technical and medical officials, ambulance and fire car services, cleaners, security personnel, and access to relevant facilities. SIC CEO Azhan Shafriman Hanif highlighted that the price adjustment aims to ensure the continued operation of the circuit at the highest standards, supporting ongoing improvements for an enhanced customer experience.
The decision to raise rental rates comes after careful consideration of increasing operational and maintenance costs. SIC emphasises its commitment to facilitating a smooth transition for clients and stakeholders, providing advance notice for transparency and preparation. This adjustment marks the first increase in rental prices since 2013, reflecting the circuit’s dedication to sustaining quality facilities and services in the highly competitive racing environment.