Team Dubai to enter F1 in 2006
Team Dubai F1 has announced it will enter the FIA Formula 1 World Championship in 2006, with help from McLaren-Mercedes. The owners of the project have entered into exclusive negotiations with the German manufacturer for a supply of engines and McLaren for technical assistance on the chassis
Owners of the new Arab concern have confirmed that Dubai F1 will not after all be based on an existing team and will set-up its own F1 operation over the coming year.
"We ultimately concluded that the acquisition of an existing team would never enable us fully to demonstrate our own commitment and excellence since success would inevitably have been linked with the existing team's brand and values," said Team Dubai representative Tim Fulton.
Team Dubai F1 said in a statement that it planned to place a US$48m bond with the FIA to secure its entry in 2006 and that work is to begin early next year on a technical centre and wind tunnel in Dubai, while the manufacturing facilities for the project will be based in England.
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