In 2007 it was announced that Abu Dhabi had secured the rights to host a Formula 1 Grand Prix from 2009. The race track is to be situated on Yas Island and the event is expected to attract many people and bring benefits to the local economy. Yas Island is also going to hold a Ferrari Park covering 250,000 square metres. The development is being carried out by Aldar Properties.
Abu Dhabi is the capital of the emirate of the same name, largest of the seven emirates of the United Arab Emirates. It is said by some to be the richest city in the world[1] and is located in the north central UAE. The city lies on a T-shaped Island jutting into the Persian Gulf from the central western coast. An estimated 1.8 million people lived there in 2006, with about an 80% expatriate population. Abu Dhabi city is located at 24.4667° N 54.3667° E. At the head of Abu Dhabi and across from the Corniche is Lulu Island, a semi-natural landmass that is arguably the most strategic and valuable piece of property in the Emirate.
; "Abu Dhabi")
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