Bahrain's F1 hopes still alive
Manama, February 27, 2011
Bahrain has not lost all hope of holding the Gulf Air Bahrain Grand Prix 2011, initially scheduled to be held next month.
'Bahrain is still seeking the possibility of hosting the much-awaited race later this year,' Economic Development Board chief executive officer Shaikh Mohammed bin Essa Al Khalifa told the CNN.
He described the cost of postponement as small, compared with the national and economic dividends of the national dialogue.
'We have gone through difficult times and the country is recovering. During the crisis, we haven't blocked the Internet or the satellite channels. We allowed everything to be reported in transparency,' he added, hoping Bahrain will emerge stronger.
Shaikh Mohammed also stressed that Bahrain had reasserted its credibility during the crisis and would stage a strong comeback and bolster its status.
'Losing the Grand Prix is nothing compared with a stable country and a strong economy,' he said.
He revealed that no Formula One team claimed compensation, stressing that Bahrain is looking forward to rescheduling the event.-TradeArabia News Service
More Motoring Stories
- F1 clinches Mideast TV rights deal
- Daimler gets Aston Martin stake in engine supply deal
- Hyundai Elantra sales jump 90pc in UAE
- Jeddah gears up for Saudi motor show
- ALJ plans big car assembly plant in Saudi
- Infiniti launches new models in Lebanon
- UAE Dial-A-Battery services in big demand
- Honda recalls Acura sedans over loose bolts
- Lincoln MKZ makes Bahrain debut
- Monster trucks drive motor show success