It has been confirmed that Abu Dhabi will host a round of the Formula One World Championship from 2009, in what is thought to be a seven year deal.

The announcement was made by F1 Supremo Bernie Ecclestone at a special ceremony in Abu Dhabi ahead of a major F1 Festival.

The race will be held on a Herman Tilke designed track, currently under construction, on Yas, a 2,550 hectare "leisure island" off the Abu Dhabi coast and only short way away from Abu Dhabi International Airport.

"We are delighted to welcome Abu Dhabi into the Formula One family," said Ecclestone, "and look forward to a long and successful partnership. Abu Dhabi's hospitality, the genuine warmth of its people, and ever increasing number of world class facilities, will ensure that its round of the World Championship is a wonderful addition to the calendar."

"A Formula 1 Grand Prix is one of the world's most prestigious sporting events," said His Highness Sheikh Mohammed Bin Zayed Al Nahyan, "in the same category as an Olympic Games or World Cup, and is unrivalled in terms of continuous global resonance. That is why this new partnership is such an exciting one for Abu Dhabi and the entire UAE.

"For Abu Dhabi, and indeed the whole of the UAE, the opportunities that are presented by increased international attention and connectivity will deliver very real macroeconomic benefits."

"Abu Dhabi will bring its own unique culture, landscape and fans to the F1 experience," said His Excellency Khaldoon Al Mubarak, Chairman of the Abu Dhabi Executive Affairs Authority (EAA). "The track design alone is an indication of the visionary approach we are taking and I am confident we will deliver something truly special.

"Spectators will enjoy high speed action played out on three distinct sections of the 5.6km circuit, including high speed areas ending in tight overtaking turns, a street section and a marina section. Each section of the circuit combines to deliver an unrivalled viewing experience."