The 100,000 capacity Algarve International Circuit (Portuguese: Autódromo Internacional do Algarve), commonly referred to as Portimao Circuit, 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. Construction 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 Portimao Circuit to the Formula One testing roster 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.
More info: http://www.autodromodoalgarve.com
Parkalgar, Parques Tecnológicos e Desportivos, S.A.