The Turkish Grand Prix will return to the Formula One calendar after a six year hiatus in 2027, it was announced on Friday.

The race — which was held from 2005-2011 and then 2020-21 — will take place on the Istanbul Park circuit.

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This time around, it is guaranteed a run of at least five years.

Turkish President Recep Tayyip Erdogan launched the event on Friday to celebrate the announcement.

A Formula One car was driven along the streets of Istanbul, starting from the city’s main cruise port, Galataport and ending its journey at the Presidential Office in Dolmabahce.

Also in attendance were Formula 1 CEO Stefano Domenicali, and FIA President Mohammed Ben Sulayem.

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“The return of the Turkish Grand Prix to the Formula 1 calendar is a victory for Turkiye’s passion and belief in sport,” said Erdogan.

“The Formula 1 races to be held at Istanbul Park for at least five years will both support Istanbul’s leading position in the world and demonstrate to the world that our country is the safe haven of its region.”

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ISTANBUL, TURKEY – NOVEMBER 15: Lance Stroll of Canada driving the (18) Racing Point RP20 Mercedes leads Sergio Perez of Mexico driving the (11) Racing Point RP20 Mercedes and the rest of the field at the start during the F1 Grand Prix of Turkey at Intercity Istanbul Park on November 15, 2020 in Istanbul, Turkey. (Photo by Murad Sezer – Pool/Getty Images)Source: Getty ImagesIstanbul Park is remembered for an infamous crash between Mark Webber and Sebastian Vettel.Source: AFP