New Delhi, Jan. 31 -- He added, "This race, the first motor race ever to be held in our Nation's capital near the National Mall, will showcase the majesty of our great city as drivers navigate a track around our iconic national monuments in celebration of America's 250th birthday."

Roger Penske, who owns a majority stake in the Indianapolis Motor Speedway and IndyCar, was present in the Oval Office when Trump signed the executive order. He described the moment as an exciting opportunity for his company to support the nation's 250th anniversary and to bring the excitement of IndyCar racing to the Washington area, saying the event would be "amazing".

The event reflects Trump's continued focus on sports during his second term, with much of...