The sovereign wealth fund of Qatar has announced a strategic investment, acquiring a significant minority stake in Audi’s upcoming Formula 1 team, effectively entering the motorsport arena with a bold move. The announcement was made ahead of the highly anticipated Qatar Grand Prix.

The Qatar Investment Authority (QIA) stated that it would act as a long-term investor and partner in the venture while providing a substantial capital injection to enhance the team’s infrastructure. This investment marks a significant step in the expansion plan as the team, currently competing under the Sauber banner, transitions to the Audi works name in 2026.

Already a stakeholder in the Volkswagen Group, Qatar sees unexplored investment opportunities in the blossoming world of Formula 1. The investment aligns with the increasing commercialization of professional sports and the global boom in Formula 1’s popularity, presenting an exhilarating opportunity for QIA’s first major motorsports venture.

(With inputs from agencies.)