The event, dubbed the African Grand Prix, will be held at a purpose-built circuit in Bugesera, located southeast of Kigali. The track is being designed to meet FIA Grade 1 standards and is anticipated to be completed in the early 2030s.

Rwanda's President Paul Kagame stated that the initiative aims to boost tourism, investment, job creation, and skills development. The broader Bugesera project encompasses sports, tourism, infrastructure, and commercial development surrounding the race circuit.

This deal positions Rwanda as the first new Formula 1 host country since Saudi Arabia and Qatar joined the calendar in 2021. The agreement also ensures Formula 1 will have a race on every inhabited continent.

Rwanda has been actively pursuing a Grand Prix since 2024, collaborating with Formula 1 and the FIA. The country has a strategy of leveraging global sports events for tourism and investment, with existing partnerships including European football clubs and hosting the Basketball Africa League.