Formula One cars will take to the streets of Abu Dhabi in the United Arab Emirates for a demonstration event on 3 February.
The majority of the F1 teams are expected to attend the 'Abu Dhabi F1 Festival', which will be free and open to the public.
World champion Fernando Alonso has been confirmed as a participant.
"The ADTA (Abu Dhabi Tourism Authority) is proud to host what will be the largest gathering of F1 cars and drivers ever assembled outside of a Grand Prix," said Sheikh Sultan bin Tahnoon Al Nayhan, ADTA Chairman.
"We would like as many people as possible to enjoy the event."
A four kilometre temporary street course is being constructed around Abu Dhabi's waterfront area, running from the Emirates Palace to the Marina Mall.
"We are delighted to be bringing the excitement of Formula One to the Emirate of Abu Dhabi," Bernie Ecclestone added.
"The event will showcase some of the sport's greatest current drivers, as well as the cars and teams that will contest the 2007 championship.
I hope the whole community gets behind and enjoys this unique festival."
The event will also see Alonso and reigning constructors' champions Renault honoured at a 'Tribute to the Champions' gala ball at the Emirates Palace Hotel.