Formula 1 boss Chase Carey says the Singapore Grand Prix remains the ‘anchor’ to Liberty’s race strategy in the Asian market and is confident of securing a new long-term deal to retain the Marina Bay Street Circuit on the calendar.

Singapore is set to celebrate its 10th anniversary of hosting F1 after the sport arrived for its maiden race under the floodlights in 2008 while this year’s race is the last under its current deal.

F1's CEO Carey has been in Singapore to settle on a new deal with the race organisers and despite no official contract being in place the Marina Bay Street Circuit race has been pencilled into the 2018 calendar in its familiar mid-September slot.

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Despite concerns growing that F1 could lose its standing in Asia having seen the Malaysian Grand Prix drop off the 2018 calendar Carey has moved to assure stakeholders the Singapore race will remain a firm fixture in the sport.

“We’re proud of the race, we have a good relationship and our goal is to get to a place where we build on that partnership long-term,” Carey told Reuters. “In many ways it’s a race that anchors our Asian strategy.

“Still early days for us growing in Asia. But certainly a signature race for Asia, a signature race for us globally and it’s great to be here.”