19 Oct 2005
Formula One World for Dubai
Middle Eastern development company Union Properties has signed an agreement with the Formula One Administration (FOA) team to build a US$360m (£206m, 301m euros) Formula One World theme park within the MotorCity area of Dubailand.
Developed by Union Properties in conjunction with FOA, the Dubai theme park will cover 5 million sq ft (465,000sq m).
The site will include a hotel and conference centres.
Combined with Sheikh Maktoum’s A1 GP motorsport series – it is seen as the next step towards Dubai hosting a future Formula One World Championship series.
The CEO of Formula One Administration, Bernie Ecclestone, said: “I have every confidence that Union Properties will deliver an outstanding development which F1 fans the world over will enjoy.” Details: www.up.ae
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