Owning a Formula One team could be the next step for Saudi Arabia after sponsoring the sport and hosting a grand prix, according to the president of Saudi Automobile and Motorcycle Federation. Prince Khalid bin Sultan Al-Abdullah Al-Faisal told reporters in a video call ahead of this weekend's race in Jeddah that the interest was there.

With F1 returning to Saudi Arabia this weekend, could the nation be set for an ever-greater presence in the series in seasons to come?

On the eve of the Saudi Arabian Grand Prix, the chairman of the country’s motorsports federation has suggested it is only a matter of time before the Middle East country “buys” a Formula 1 team. Saudi Arabia joined the Formula 1 calendar in 2021,