The Emirates Associate Business Group Company has confirmed its interest declared in a previously signed Letter of intent.

In an unofficial letter sent to the Ministry of Economy via the Bulgarian Motorcycle Federation, the company said that incorrect information was spread in Bulgarian media creating bad climate, but EABG confirmed its intentions to work in cooperation with the Bulgarian government.

The case became a scandal when popular media wrote that EABG declined intentions of constructing a Formula 1 circuit in Bulgaria and that the owner of the company was a sheikh.