Dubai team plans Formula One entry 18 Oct 2004
Barely a week after the Midland Group announced its intention to join the Formula One grid, another, Dubai-based, venture has revealed plans to enter a team for the 2006 season.
Team Dubai F1, as it hopes to be known, has said it will set up an entirely new squad, as opposed to buying an existing team and that it has already entered negotiations with McLaren and Mercedes regarding the possibility of engine supply and other technical support.
The team plans to have a manufacturing base in England, though it will be based in Dubai, where they intend to carry out longer-term development. Work is due to start there next year on a wind tunnel and technical facility.
"Dubai is committed to developing and supporting world class expertise in carefully-targeted high-technology industries," said Sheikh Ahmed bin Saeed Al Maktoum, a key backer of the team and president of Dubai Civil Aviation.
"Formula One, with its focus on technological and engineering innovation, provides us the perfect environment in which to develop and demonstrate our skills in these cutting edge areas."
Further details of the proposed team are expected to be revealed in November.
There are now ten teams competing in Formula One racing, with one, Jaguar, currently seeking a new owner. The present regulations allow for up to 12 teams, each running two cars.