Even though the FIA has yet to officially announce its decision, the boss of the Bahrain International Circuit has issued a statement welcoming it.

It reads:

"The head of the Bahrain International Circuit (BIC) today welcomed the decision of the FIA (Federation Internationale de L'Automobile) World Motor Sport Council to reintroduce the Bahrain Grand Prix to the 2011 calendar.

The decision, announced by the FIA after the Council's meeting in Barcelona, follows a FIA delegation visit to Bahrain to assess the situation in country this week.

Zayed R. Alzayani, Chairman of the BIC, said: "This is welcome news for all of Bahrain. As a country we have faced a difficult time, but stability has returned; with businesses operating close to normal, the State of National Safety lifted and countries removing travel restrictions.

"Collectively, we are in the process of addressing issues of national and international concern, and learning lessons from the recent past. By the time the Grand Prix arrives we will be able to remind the world about Bahrain at its best.

"The Bahrain Grand Prix has always been a source of national pride and it is an event than transcends politics. Not only does it receive strong support from the Government, but also from all major parties in Bahrain, including our largest opposition group, Al Wefaq, who yesterday endorsed both the BIC and motor-racing in Bahrain.

"Importantly, it will also offer a significant boost to the economy. The Grand Prix attracts 100,000 visitors, supports 3,000 jobs and generates around $500m of economic benefit. Its positive effect will be felt throughout the country.

"On behalf of Bahrain, I would like to thank Bernie Ecclestone, Jean Todt and the FIA and the rest of the motorsport community for the support and understanding they have extended to us this year."

Bahrain is a pioneer of motorsport in the region and the rescheduled Grand Prix will be the 8th hosted by the Kingdom since its inaugural race in 2004."