More F1 theme parks possible

More official F1 theme parks could be constructed around the world, an executive of developer Union Properties says.

'F1-X', the sport's first official theme park, is set for completion in Dubai later this year.

Through an agreement with Formula One Administration, Dubai based Union Properties has exclusive rights to the concept of F1 theme parks.

The Emirates Business publication said talks have already begun with "a number of countries". "We are still at the discussion stage regarding F1-X theme parks abroad," marketing officer Michael Jackson said.

Jackson admitted that the global financial crisis has changed the company's business strategy for 2009, but insisted that all existing projects are "ongoing".