Official F1 Theme Park to Open in Dubai

Formula One commercial rights holder Bernie Ecclestone agreed a deal with a Dubai property company on Sunday to create a revolutionary $360m (USD) 'Formula One World' theme park in the Middle East

Official F1 Theme Park to Open in Dubai

Construction of the adventurous project, which will be located at the MotorCity in Dubai, is set to begin next year with a completion date of early 2008.

Details were released at the Shanghai circuit ahead of Sunday's Chinese Grand Prix and Ecclestone said: "I have every confidence it will be an outstanding development."

The Middle East's leading property company, Union Properties, will undertake the construction of the venue, which promises state of the art entertainment facilities, conference centres and a hotel.

The park is set to cover five million square feet and Anis Al Jallaf, the chairman of Union Properties, said: "We are intent on creating the most exciting and imaginative theme park in the world.

"This is another landmark in the rapidly developing landscape of 21st century Dubai and is in line with the vision of His Highness Sheikh Mohammed Bin Rashid Al Maktoum."

The news will strengthen speculation that Formula One could ditch the current Middle East venue in Bahrain and move to race in the already constructed circuit in Dubai in 2008.

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