Nov.13 (GMM) Abu Dhabi's state of the art Yas Marina circuit has offered to house formula one teams.

"You have great technical expertise, if you look at what is happening in Abu Dhabi, with the huge diversification into technical industries," track CEO Richard Cregan is quoted by the Gulf News.

"I think that in itself can create a pool of technical resources for teams that would want to set up a team or a technical centre here," he added.

"We at Yas Marina circuit would welcome that, and I think it would be a great step forward for the circuit and we would welcome any such initiative."

All of F1's teams are currently based in Europe, but the British outfit Williams has a separate research and development centre in Qatar.

Ferrari, meanwhile, has Abu Dhabi sponsorship on its 2011 car and the awesome 'Ferrari World' theme park alongside the circuit.

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