Date: 16th February 2015 at 8:16am
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Qatar now look set to host a Formula One Grand Prix as early as next year.

Qatar has hosted MotoGP since 2004 at the Losail circuit and this already established venue could be the circuit used or a new street circuit could be established.

The Losail circuit holds an FIA Grade 1T licence which means only minor modifications would be required to bring it up to Formula One Grand Prix standards.

The destination for a street circuit would either be in the new city of Lusail, which has been named as the venue for the final of the controversial 2022 football World Cup, or in Doha.

The fate of the Qatari bid appeared to rest with Bahrain, as Formula One boss Bernie Ecclestone had suggested that Bahrain had the option to veto the plan, as part of their current contract.

However clause was denied by Bahrain’s F1 CEO Sheikh Salman bin Isa Al Khalifa and any potential issues appear to have been resolved.

‘We are about to sign contracts to organise a Formula One race,’ President of Qatar’s motorsport federation Nasser bin Khalifa al-Attiyah told Sky Sports.

‘We have completed all the steps and there are only a few details before the official signature.’