Motorsports industry revs up in the Middle East

Motorsports, and Formula One in particular, is a major growth area in the Middle East, attracting billions of dollars in investment from some of the biggest local investors. emeafinance editor Julian Evans talks to Simon Azzam, CEO of Union Properties, about the motorsports boom, and Union Properties’ own multi-billion-dollar investment into it.

emeafinance: Would you say the interest in motorsports is booming in the Middle East?

Simon Azzam: Yes, the interest in motorsports industry is booming in the Middle East due to several factors in the market that relates to the introduction of facilities that provide opportunity for growth in the field.