Dubai buys Formula One team

Williams, Stephen
October 2004
Middle East;Oct2004, Issue 349, p62
This article focuses on the speculation in Dubai. Weeks of speculation ended in August when a company controlled by Sheikh Ahmed bin Saeed Al Maktoum of Dubai announced it was buying a Formula One racing team. Before the Jordan deal was finally confirmed in early August, a number of Formula One companies were being considered by GPI. Dubai's decision to become involved in Formula One is just the latest addition to the Emirate's widely varied participation in competitive sport that includes the world's richest horse race, the Dubai World Cup, the Dubai Classic golf tournament, and powerboat racing's ultimate prize, the Dubai Duty Free Grand Prix held at the Dubai International Marine Club (DIMC) each December.


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