SportBusiness.com

QATARI BANK INVESTS IN MOTOGP

One of Qatar’s leading banking institutions, Commercialbank, will become title sponsor of MotoGP’s Grand Prix of Qatar.

The deal, agreed with MotoGP’s rights holders Dorna Sports, is for three years from the 2006 season, and sees the bank taking full naming rights and other benefits.

Commercialbank’s Deputy CEO, Mohammed Mandani, said the sponsorship deal “will help to project Qatar’s global reputation as an economic and sporting powerhouse of the Gulf region”.

The second round of the MotoGP World Championship in 2006, to be staged at the Losail International Circuit a few miles north of Doha on April 8, will be known as the Commercialbank Grand Prix of Qatar.