One of the biggest financial investments to date in the Algarve, has been made in the picturesque village of Perreira, between Portimao and Monchique, with a total investment nearing Euro 200 Million - a challenging task performed by ParkAlgar. The world class Formula 1 racing complex is 4698 metres long and has a paddock 4 times the size of that in Estoril, Lisbon.
The Autodromo International de Portimao will be equipped to hold events across the whole motor sports spectrum, from Formula 1, Rally Sprints, GT races, Super Bikes and much more. Because of the region’s excellent weather conditions, the complex will be permanently in use. In addition to the racing track, the complex will have a karting track, car maintenance and support zones, a grandstand, VIP area, picnic area, Sport facilities and Spa, Physical treatment facilities, Restaurants, shops, museum and a hotel with further apartments.
The complex can hold a total of 150.000 spectators when fully completed. The circuit has been constructed by studying and visiting various racing circuits across the world, and was created by capturing the best features of each. The Autodromo do Algarve is a masterpiece of fun, excitement and luxury services all in one.
According to ParkAlgar, most of the money invested has come from inside of Portugal, and they have been welcomed at both national and local government levels. The new circuit has been well worth supporting because of the multiple benefits that it will bring to the region.
The Autodromo will give a visibility to the Algarve which would be impossible in any other way. Images of the region will be diffused over the world’s television screens, reaching many different cultures and annually drawing millions of people to the region. Deloitte predicts an additional 1.000.000 visitors per year. The report you can download on the 'Downloads page'.