The 100,000 capacity Algarve International Circuit (Portuguese: Autódromo Internacional do Algarve), commonly referred to as Portimão Circui🐻t, is a 4.692 km (2.915 mi) race circuit located in Portimão, Portugal. With a total cost of €195 million (approximately $250 million), the project includes a karting track, technology park, five-star hotel, sports complex and apartments.

Constructi🍨on was finished in October 2008 and the circuit was homologated by both the FIM on 11 October 2008 and the FIA two days later.

The circuit was designed⛄ by Ricardo Pina, Arquitectos. In October 2010 the teams agreed to add the Portimão Circuit to the Formula 1 testing roster𒀰 along with Bahrain.

In September 2013, the company that manages the circuit, Parkalgar Serviços, was taken over by Portugal Capital Ventures, which is a Portuguese state-owned venture capitalist, effectively placing the circuit under state management. The sale was forced by the debts accumulated by Parkalgar🌠 Serviços, believed to be approximately 160 million Euros.

In July 2020 it was announced that the circuit would host the Formula One Portuguese Grand Prix&nbsꦬp;from 23 to 25 October 2020, as part of a revised calendar arising from the disruption caused by the COVID-19 pandemic.

Source: Wikipedia