Fate of Bulgaria's F1 Track Said to Be Clear in 2 Weeks

Business | August 31, 2010, Tuesday // 17:02
Bulgaria: Fate of Bulgaria's F1 Track Said to Be Clear in 2 Weeks Mohammed Abdul Jalil al Blouki from EABG (left) and Bulgarian Economy Minister Traikov (right) signed an economic cooperation deal. Photo by Economy Ministry

Monday’s signing of a deal with a state company from Abu Dhabi is just the first step towards a Formula 1 circuit in Bulgaria, the head of the Bulgarian Motorcycling Federation (BMF) told Novinite.com (Sofia News Agency).

The BMF Chair Bodgan Nikolov was present at Monday’s meeting of Bulgarian Prime Minister Boyko Borisov with the Chair of the Abu Dhabi state company Emirates Associated Business Group (EABG), Mohammed Abdul Jalil al Blouki.

After the meeting, the Bulgarian government and EABG signed an economic cooperation memorandum providing for the funding of the construction of a potential Formula 1 track in Bulgaria by Abu Dhabi.

The chair of the Bulgarian Motorcycling Federation has refused to comment in detail on Monday’s agreement with EABG complaining of the various interpretations of the Bulgarian media that in his words could hinder the project.

He did make it clear, however, that the agreement of the Bulgarian government and the company from Abu Dhabi is a very important step, and that in two weeks’ time it should become clear for certain if Bulgaria will have a track for Formula 1 races, and when it might host its first Grand Prix.

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Tags: Traicho Traikov, Economy Minister, Formula 1, Mohammed Abdul Jalil al Blouki, Abu Dhabi, United Arab Emirates, Emirates Associated Business Group, EABG, UAE, Bogdan Nikolov
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