By Bernd Debusmann Jr
Formula One Group CEO Chase Carey said the organisation is carefully evaluating future opportunities
Formula One Group is not ruling out holding races in Middle East cities other than Abu Dhabi and Bahrain, according to CEO Chase Carey.
Carey was installed as CEO and executive chairman of Formula One Group in January 2017, following Liberty Media’s $301 million take-over of the company.
Responding to queries from Arabian Business, Carey said that “the Middle East is an important area because it has plenty of potential growth for interest in our sport”.
“The average age of the population in this area is very young and it is opening up more and more to the rest of the world, and sport, especially Formula 1, can be a great vehicle to accelerate this process,” he added.
Because of these reasons, Carey said that F1 wants “to carefully evaluate all the opportunities that might arise in the near future, without ruling anything out for now”.
Additionally, he said that the organisation would be open to holding a Monaco-style street race in the region if the chance presented itself.
“You should never say never,” he said. “It’s just a question of finding the right opportunity.”
Approximately 135,000 visitors are expected at the upcoming Formula 1 Grand Prix in Abu Dhabi, according to local officials.
"Over the past decade, Abu Dhabi has become a special event on the Formula 1 calendar, with its floodlights, the marina and that touch of glamour which makes it unique,” Carey said of the event.
“We believe that the Formula 1 of the future should be a cocktail of different ingredients, from the famous historic old venues such as Silverstone, Spa and Monza, to destination cities such as Singapore, Mexico City, Montreal and Melbourne, to dynamic cities like Hanoi which makes its debut next year and other venues that have a special attraction all of their own, such as Monaco and indeed Abu Dhabi,” he added.