Bahrain just hosted the latest Formula One Grand Prix, and according to the organizers, funding for the sport has not been affected by the current financial crisis.
April 27, 2009 4:38 by Aarti Nagraj
Late last month, thousands gathered across the UAE to buy tickets for the inaugural Abu Dhabi Grand Prix to be held in November. According to organizers, two grandstands, having around 20,000 seats, were sold out within hours after going on sale.
In February 2007, Ecclestone signed a contract with Abu Dhabi racetrack to host a Formula One Grand Prix from 2009 for a period of seven years. Currently, work is still going on at the Yas Marina Circuit, which is going to be the venue for the final race of the 2009 Formula 1 season. A Ferrari theme park is also being built close to the Abu Dhabi F1 track, which will have hotels, malls, residential apartments and bungalows, to accommodate F1 fans during the race.
Ferrari F1 driver Felipe Massa visited the circuit last week and said “It’s the most incredible circuit. Abu Dhabi will definitely become regarded as one of the best in Formula 1. I am also really looking forward to coming back here in November. It’s a fantastic place with great facilities here for the drivers.”