$1bn investment in race circuit planned

[bahraini spirit]

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A billion dollars will be pumped into development of Bahrain's Grand Prix circuit, it was revealed.

Hotels and tourism complexes built around the site top a list of infrastructure priorities.

The Grand Prix, the first to be organised in the Middle East, 'is not only a sports event, it's a major economic investment. It is going to propel the tourism sector, in full force,' Bahraini economist Ahmed Al Yushaa said.


One of the projects to be built:



The race was expected to generate $74 million (BD28 million), according to a report by the Bahrain Study and Research Centre ahead of the event.

Al Yushaa quoted Goys chief and circuit president Shaikh Fawaz bin Mohammed Al Khalifa as saying that nearly a billion dollars will be invested to develop the infrastructure around the $ 150 million (BD56.7 million) track.