The race in Madrid will run on a new 5.47km circuit around the Ifema exhibition centre between the Spanish capital and Barajas airport
The new Madrid Grand Prix will be held as the final race of an uninterrupted European section of the Formula 1 season next year.
Madrid, to be held on 11-13 September, will be a second race in Spain and replaces the Emilia-Romagna Grand Prix at Imola in Italy in a schedule that remains at 24 races.
Madrid's debut is one of a number of changes, most of which have been made in an attempt to streamline transport and reduce carbon emissions.
Canada, traditionally held in early June, has moved to 22-24 May, the date that would have been expected to be filled by Monaco, which will now be held on 5-7 June.
