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 chairman of the kingdom's automobile and motorcycle federation. Prince Khalid bin Sultan Al-Abdullah Al-Faisal expressed interest in the possibility, stating that if Formula One teams were to be bought, it would likely be for profit. Saudi Arabia has been investing heavily in sports in recent years, and the country denies accusations of human rights abuses. The region has seen a surge in Formula One support, particularly among younger female fans.