Investment from Abu Dhabi could help Bulgaria join the Formula 1 calendar, according to the latest reports.
An economic cooperation agreement was signed between the two states, represented by the Bulgarian economic minister and representatives from the Abu Dhabi state-owned Emirates Associated Business Group.
Reports from Standart News and the Sofia-based Novinite claim the agreement involves the construction of a
Tilkedrome Formula 1 standard circuit at the former air base in Dobroslavtsi, located some 15km from the Bulgarian capital, Sofia.
It is believed that the terms of the agreement would see the Emirates group finance the circuit’s construction and the Bulgarian government provide the land.
A possible debut could occur as early as 2012, but reports are claiming that a proposal will shortly be lodged with the FIA.
No word as to whether Hermann Tilke will be asked to pen the circuit design…