Already a Bloomberg.com user?
Sign in with the same account.
The Formula One race scheduled for next month in Bahrain will create more than 3,000 temporary jobs and generate $500 million for the economy, the Information Affairs Authority said.
Sheikh Salman bin Isa Al Khalifa, chief executive officer of the Bahrain International Circuit, said more employment will be created from other events held at the track, the IAA said in an e-mailed statement from the capital Manama yesterday.
“The F1 generates huge returns for Bahrain by regenerating interest in Bahrain as a friendly and hospitable environment,” Sheikh Salman said.
Bahrain canceled last year’s race because of mass protests by mostly Shiite demonstrators demanding democracy and equal rights from the Sunni monarchy. Small-scale protests are still taking place daily in Shiite villages and sometimes spill over to Manama.
Opposition groups are calling on supporters to step up rallies before the April 20-22 event and have begun a campaign called Boycott the Bahrain Formula 1 on Twitter.
Sheikh Salman said security at the event will be managed in coordination with the Federation Internationale de l’Automobile, according to the IAA.
To contact the reporter on this story: Donna Abu Nasr in Manama at firstname.lastname@example.org
To contact the editor responsible for this story: Andrew J. Barden at email@example.com