The finishing flag will come down on the Malaysian Formula One Grand Prix in October for the final time.
It comes after the government and the sport’s commercial rights holders announced that their hosting agreement would end a year early.
The Southeast Asian country has hosted a round of the world championships since 1999.
But the government said last year that the deal would not be renewed when it expired at the end of 2018.
However in an unprecedented move, both parties announced that the Oct. 1 race this year would be the last.
Formula One commercial operations managing director Sean Bratches said: “It’s always sad to say goodbye to a member of the Formula 1 family.
“Over nearly two decades, the Malaysian Formula 1 fans have proven themselves to be some of the sport’s most passionate supporters.”
Malaysia’s Prime Minister Najib Razak said that declining ticket sales, viewership and tourism were behind the decision to pull out of hosting the race.
State oil and gas firm Petronas [PETR.UL] is the title sponsor of the F1 race. The company has been hit hard in recent times by tumbling oil prices.
Petronas, however, would continue to sponsor the Mercedes Formula One team as part of its marketing strategy, Najib said.