Saudi Aramco signed a long-term global sponsorship agreement with Formula 1, the state oil giant said in a statement today.
The sponsorship deal will feature Aramco corporate trackside branding and grants the oil producer title rights to major Formula 1 races in 2020.
Formula 1’s integrated digital platforms and broadcasts will also feature Aramco.
“We have the ambition to find solutions for better-performing engines and cleaner energy. Partnerships like these are important to help us to deliver on such ambitions,” Aramco President and CEO Amin Nasser said.
The agreement is Aramco’s first global sponsorship of a major sporting event and will connect the company to a worldwide audience of 500 million racing fans.
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