FIA President Mohammed Ben Sulayem says the Middle East’s four Grand Prix races have combined to make a big impact on F1. Photo: FIA
FIA President Mohammed Ben Sulayem says the Middle East’s four Grand Prix races have combined to make a big impact on F1. Photo: FIA
FIA President Mohammed Ben Sulayem says the Middle East’s four Grand Prix races have combined to make a big impact on F1. Photo: FIA
FIA President Mohammed Ben Sulayem says the Middle East’s four Grand Prix races have combined to make a big impact on F1. Photo: FIA

Sport

F1

Mohammed ben Sulayem: First Bahrain GP 'paved the way' for other Gulf countries to follow in F1

Bahrain was the first country in the Middle East to host an F1 race in 2004, with Abu Dhabi added to the calendar in 2009 followed by Qatar and Saudi Arabia in 2021

Steve Luckings
Steve Luckings

April 10, 2025

  • English
  • Arabic

Mohammed ben Sulayem has hailed the importance the Middle East plays in the continued evolution of Formula One ahead of the Bahrain-Saudi Arabian Grand Prix double-header.

Bahrain will on Sunday host its 21st Formula One Grand Prix after it became the first country in the Middle East to host a race in 2004. Abu Dhabi was added to the calendar in 2009, followed by Qatar and Saudi Arabia in 2021 as motorsport's premier racing series expanded beyond its traditional heartlands.

Reflecting on the Middle East’s growing footprint in F1, Ben Sulayem, president of the FIA, said: "The Arab world plays a very important part in the championship’s calendar."

Bahrain, Saudi Arabia, Qatar, Abu Dhabi – each race, each venue is more than just a destination. They are more than mere locations pinned on a global calendar. They are points of inflection in the sport's arc, according to Ben Sulayem.

It’s been 21 years since Bahrain first signaled the Middle East’s arrival on the F1 stage, and with that, the sport shifted. Ben Sulayem acknowledged that Bahrain wasn’t just the first – it was the spark.

“The event’s success paved the way for its neighbouring countries to follow in its footsteps, and invest in the top level of motorsport,” he added.

“During this time, the region's engagement with F1 has evolved from hosting races to fostering a passionate fan base and promoting inclusivity within the sport, something which is central to the FIA’s strategy for motorsport growth and development.”

2024 Bahrain GP in pictures

  • Race winner Max Verstappen of the Netherlands and Red Bull Racing celebrates on the podium after winning the Bahrain Grand Prix at Bahrain International Circuit on March 2, 2024. Getty Images
    Race winner Max Verstappen of the Netherlands and Red Bull Racing celebrates on the podium after winning the Bahrain Grand Prix at Bahrain International Circuit on March 2, 2024. Getty Images
  • Race winner Max Verstappen of Red Bull Racing celebrates after his victory in the Bahrain Grand Prix. Getty Images
    Race winner Max Verstappen of Red Bull Racing celebrates after his victory in the Bahrain Grand Prix. Getty Images
  • Red Bull Racing driver Max Verstappen takes the chequered flag at Bahrain International Circuit. EPA
    Red Bull Racing driver Max Verstappen takes the chequered flag at Bahrain International Circuit. EPA
  • Red Bull team principal Christian Horner with his wife Geri after Max Verstappen's victory. PA
    Red Bull team principal Christian Horner with his wife Geri after Max Verstappen's victory. PA
  • Max Verstappen of Red Bull Racing makes a pit stop. Getty Images
    Max Verstappen of Red Bull Racing makes a pit stop. Getty Images
  • Max Verstappen of Red Bull Racing leads Charles Leclerc of Ferrari. Getty Images
    Max Verstappen of Red Bull Racing leads Charles Leclerc of Ferrari. Getty Images
  • George Russell of Mercedes and Charles Leclerc of Ferrari battle. Getty Images
    George Russell of Mercedes and Charles Leclerc of Ferrari battle. Getty Images
  • Red Bull Racing's Max Verstappen leads the pack at the start of the race. EPA
    Red Bull Racing's Max Verstappen leads the pack at the start of the race. EPA
  • Red Bull Racing team principal Christian Horner before the start of the Bahrain Grand Prix. AFP
    Red Bull Racing team principal Christian Horner before the start of the Bahrain Grand Prix. AFP

Ben Sulayem, a rally driver of distinction during his own driving career, was elected head of motorsport's governing body in December 2021.

Looking back on his own leadership, the Emirati is measured in his reflection. There’s a quiet satisfaction in his recounting of the progress – 2,000 hours of consultation, a manifesto laid out, a vision that continues to unfold. The FIA, under his guidance, is slowly but surely transforming into something that marries financial reform with sustainability, education with opportunity.

“Last year, we celebrated the FIA’s 120th anniversary, marked by hard work and key achievements. Financial reforms and a sustainable model led to a forecasted operational result of €2.2 million, a significant improvement from the €24 million deficit I inherited in 2021. Our ongoing efforts to enhance our operational and commercial strategies will see this trend continue.

“We have taken a knowledge-driven approach within the Federation, promoting education and the sharing of information to create more career opportunities in motorsport. Last year, 13,500 individual courses were completed through the FIA University, and we delivered 70 motorsport safety research projects.

“It was a privilege to lead the FIA during such a significant milestone last year, marking over a century of innovation and progress.

“By continuing to work together,” Ben Sulayem adds, “we can ensure further success for the next century.”

  • FIA president Mohammed Ben Sulayem, Liberty Media president and chief executive officer Greg Maffei, and Ferrari chairman John Elkann talk on the grid ahead of the F1 Grand Prix of Miami at the Miami International Autodrome on May 08, 2022 in Miami, Florida. AFP
    FIA president Mohammed Ben Sulayem, Liberty Media president and chief executive officer Greg Maffei, and Ferrari chairman John Elkann talk on the grid ahead of the F1 Grand Prix of Miami at the Miami International Autodrome on May 08, 2022 in Miami, Florida. AFP
  • FIA president Mohammed Ben Sulayem on the grid before the Azerbaijan Grand Prix on June 12, 2022. Reuters
    FIA president Mohammed Ben Sulayem on the grid before the Azerbaijan Grand Prix on June 12, 2022. Reuters
  • FIA president Mohammed Ben Sulayem, right, speaks with Red Bull Racing team principal Christian Horner prior to first practice at the Italian Grand Prix, Monza on September 9, 2022. EPA
    FIA president Mohammed Ben Sulayem, right, speaks with Red Bull Racing team principal Christian Horner prior to first practice at the Italian Grand Prix, Monza on September 9, 2022. EPA
  • FIA president Mohammed Ben Sulayem arrives before the third practice session ahead of the Abu Dhabi Formula One Grand Prix at the Yas Marina Circuit on November 19, 2022. AFP
    FIA president Mohammed Ben Sulayem arrives before the third practice session ahead of the Abu Dhabi Formula One Grand Prix at the Yas Marina Circuit on November 19, 2022. AFP
  • Red Bull driver Max Verstappen, right, speaks with Mohammed Ben Sulayem, ahead of the F1 Grand Prix of Abu Dhabi at Yas Marina Circuit on November 17, 2022. AP Photo
    Red Bull driver Max Verstappen, right, speaks with Mohammed Ben Sulayem, ahead of the F1 Grand Prix of Abu Dhabi at Yas Marina Circuit on November 17, 2022. AP Photo
  • Mohammed Ben Sulayem, president of the FIA presents a medal to Max Verstappen, winner of the 2022 Formula 1 Etihad Airways Abu Dhabi Grand Prix, on November 20, 2022. AP Photo
    Mohammed Ben Sulayem, president of the FIA presents a medal to Max Verstappen, winner of the 2022 Formula 1 Etihad Airways Abu Dhabi Grand Prix, on November 20, 2022. AP Photo
  • Mercedes' Lewis Hamilton with FIA president Mohammed Ben Sulayem on the grid before the Azerbaijan GP on June 12, 2022. Reuters
    Mercedes' Lewis Hamilton with FIA president Mohammed Ben Sulayem on the grid before the Azerbaijan GP on June 12, 2022. Reuters
  • McLaren team principal Andreas Seidl talks with Mohammed Ben Sulayem in the paddock prior to final practice ahead of the F1 Grand Prix of Azerbaijan at Baku City Circuit on June 11, 2022. Getty Images
    McLaren team principal Andreas Seidl talks with Mohammed Ben Sulayem in the paddock prior to final practice ahead of the F1 Grand Prix of Azerbaijan at Baku City Circuit on June 11, 2022. Getty Images
  • Khalid bin Faisal Al Saud, governor of Makkah, talks with Mohammed Ben Sulayem, FIA President, on the grid during the F1 Grand Prix of Saudi Arabia at the Jeddah Corniche Circuit on March 27, 2022 in Jeddah, Saudi Arabia. Getty Images
    Khalid bin Faisal Al Saud, governor of Makkah, talks with Mohammed Ben Sulayem, FIA President, on the grid during the F1 Grand Prix of Saudi Arabia at the Jeddah Corniche Circuit on March 27, 2022 in Jeddah, Saudi Arabia. Getty Images
  • Mohammed Ben Sulayem poses for a photo prior to the F1 Grand Prix of Bahrain at Bahrain International Circuit on March 20, 2022. Getty Images
    Mohammed Ben Sulayem poses for a photo prior to the F1 Grand Prix of Bahrain at Bahrain International Circuit on March 20, 2022. Getty Images

Bahrain will also see a meeting of F1's engine manufacturers with the FIA and F1 to discuss Ben Sulayem's plan to drop the new 2026 engine formula before its planned end in 2031 and re-introduce naturally aspirated V10 engines.

The FIA wants to prevent engines being a performance differentiator in F1, though the plan is expected to be rejected by manufacturers.

Under F1's governance system, the plan needs to be backed by four of the five engine manufacturers that will be in F1 next year, which are Mercedes, Ferrari, Honda, Audi and Red Bull Powertrains, which is backed by Ford.

RACE CARD

6.30pm: Handicap (TB) $68,000 (Dirt) 1,600m

7.05pm: Meydan Sprint – Group 2 (TB) $163,000 (Turf) 1,000m

7.40pm: Curlin Stakes – Listed Handicap (TB) $88,000 (D) 2,200m

8.15pm: UAE Oaks – Group 3 (TB) $125,000 (D) 1,900m

8.50pm: Zabeel Mile – Group 2 (TB) $163,000 (T) 1,600m

9.25pm: Balanchine – Group 2 (TB) $163,000 (T) 1,800m

10pm: Al Shindagha Sprint – Group 3 (TB) $130,000 (D) 1,200m

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

The National's picks

4.35pm: Tilal Al Khalediah
5.10pm: Continous
5.45pm: Raging Torrent
6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
9.30pm: Forever Young

MATCH INFO

Uefa Champions League last 16, second leg
Liverpool (0) v Atletico Madrid (1)
Venue: Anfield
Kick-off: Thursday, March 12, midnight
Live: On beIN Sports HD

Episode list:

Ep1: A recovery like no other- the unevenness of the economic recovery 

Ep2: PCR and jobs - the future of work - new trends and challenges 

Ep3: The recovery and global trade disruptions - globalisation post-pandemic 

Ep4: Inflation- services and goods - debt risks 

Ep5: Travel and tourism 

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Specs

Engine: Dual-motor all-wheel-drive electric

Range: Up to 610km

Power: 905hp

Torque: 985Nm

Price: From Dh439,000

Available: Now

Start-up hopes to end Japan's love affair with cash

Across most of Asia, people pay for taxi rides, restaurant meals and merchandise with smartphone-readable barcodes — except in Japan, where cash still rules. Now, as the country’s biggest web companies race to dominate the payments market, one Tokyo-based startup says it has a fighting chance to win with its QR app.

Origami had a head start when it introduced a QR-code payment service in late 2015 and has since signed up fast-food chain KFC, Tokyo’s largest cab company Nihon Kotsu and convenience store operator Lawson. The company raised $66 million in September to expand nationwide and plans to more than double its staff of about 100 employees, says founder Yoshiki Yasui.

Origami is betting that stores, which until now relied on direct mail and email newsletters, will pay for the ability to reach customers on their smartphones. For example, a hair salon using Origami’s payment app would be able to send a message to past customers with a coupon for their next haircut.

Quick Response codes, the dotted squares that can be read by smartphone cameras, were invented in the 1990s by a unit of Toyota Motor to track automotive parts. But when the Japanese pioneered digital payments almost two decades ago with contactless cards for train fares, they chose the so-called near-field communications technology. The high cost of rolling out NFC payments, convenient ATMs and a culture where lost wallets are often returned have all been cited as reasons why cash remains king in the archipelago. In China, however, QR codes dominate.

Cashless payments, which includes credit cards, accounted for just 20 per cent of total consumer spending in Japan during 2016, compared with 60 per cent in China and 89 per cent in South Korea, according to a report by the Bank of Japan.

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RESULTS

1.45pm: Handicap (TB) Dh80,000 (Dirt) 1,400m
Winners: Hyde Park, Royston Ffrench (jockey), Salem bin Ghadayer (trainer)

2.15pm: Conditions (TB) Dh100,000 (D) 1,400m
Winner: Shamikh, Ryan Curatolo, Nicholas Bachalard

2.45pm: Conditions (TB) Dh100,000 (D) 1,200m
Winner: Hurry Up, Royston Ffrench, Salem bin Ghadayer.

3.15pm: Shadwell Jebel Ali Mile Group 3 (TB) Dh575,000 (D) 1,600m
Winner: Blown by Wind, Xavier Ziani, Salem bin Ghadayer

3.45pm: Handicap (TB) Dh72,000 (D) 1,600m
Winner: Mazagran, Tadhg O’Shea, Satish Seemar.

4.15pm: Handicap (TB) Dh64,000 (D) 1,950m
Winner: Obeyaan, Adrie de Vries, Mujeeb Rehman

4.45pm: Handicap (TB) Dh84,000 (D) 1,000m
Winner: Shanaghai City, Fabrice Veron, Rashed Bouresly.

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The National Archives, Abu Dhabi

Founded over 50 years ago, the National Archives collects valuable historical material relating to the UAE, and is the oldest and richest archive relating to the Arabian Gulf.

Much of the material can be viewed on line at the Arabian Gulf Digital Archive - https://www.agda.ae/en

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Emergency phone numbers in the UAE

Estijaba – 8001717 –  number to call to request coronavirus testing

Ministry of Health and Prevention – 80011111

Dubai Health Authority – 800342 – The number to book a free video or voice consultation with a doctor or connect to a local health centre

Emirates airline – 600555555

Etihad Airways – 600555666

Ambulance – 998

Knowledge and Human Development Authority – 8005432 ext. 4 for Covid-19 queries

The specs

Engine: 3.0-litre six-cylinder MHEV

Power: 360bhp

Torque: 500Nm

Transmission: eight-speed automatic

Price: from Dh282,870

On sale: now

Results

1.30pm Handicap (PA) Dh50,000 (Dirt) 1,400m

Winner Al Suhooj, Saif Al Balushi (jockey), Khalifa Al Neyadi (trainer)

2pm Handicap (TB) 68,000 (D) 1,950m

Winner Miracle Maker, Xavier Ziani, Salem bin Ghadayer

2.30pm Maiden (TB) Dh60,000 (D) 1,600m

Winner Mazagran, Tadhg O’Shea, Satish Seemar

3pm Handicap (TB) Dh84,000 (D) 1,800m

Winner Tailor’s Row, Royston Ffrench, Salem bin Ghadayer

3.30pm Handicap (TB) Dh76,000 (D) 1,400m

Winner Alla Mahlak, Adrie de Vries, Rashed Bouresly

4pm Maiden (TB) Dh60,000 (D) 1,200m

Winner Hurry Up, Royston Ffrench, Salem bin Ghadayer

4.30pm Handicap (TB) Dh68,000 (D) 1,200m

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Director: ​Henry Joost and Ariel Schulman

Rating: 3.5/5

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MATCH INFO

Manchester City 3
Danilo (16'), Bernardo Silva (34'), Fernandinho (72')

Brighton & Hove Albion 1
Ulloa (20')

'My Son'

Director: Christian Carion

Starring: James McAvoy, Claire Foy, Tom Cullen, Gary Lewis

Rating: 2/5

Results
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The Details

Article 15
Produced by: Carnival Cinemas, Zee Studios
Directed by: Anubhav Sinha
Starring: Ayushmann Khurrana, Kumud Mishra, Manoj Pahwa, Sayani Gupta, Zeeshan Ayyub
Our rating: 4/5 

 


 

 

 

'Nope'
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MATCH INFO

Sheffield United 3

Fleck 19, Mousset 52, McBurnie 90

Manchester United 3

Williams 72, Greenwood 77, Rashford 79

THE BIO

Born: Mukalla, Yemen, 1979

Education: UAE University, Al Ain

Family: Married with two daughters: Asayel, 7, and Sara, 6

Favourite piece of music: Horse Dance by Naseer Shamma

Favourite book: Science and geology

Favourite place to travel to: Washington DC

Best advice you’ve ever been given: If you have a dream, you have to believe it, then you will see it.

While you're here
While you're here
Updated: April 10, 2025, 12:20 PM
F1Saudi ArabiaBahrainMiddle East