Qatar's long-term investment in the future Audi Formula One team, announced at the country's grand prix on Friday, brings obvious benefits for both and increases the Gulf region's influence in the sport.

A statement from the German car company said the Gulf state would buy a “significant minority” in the team, which is entering F1 in 2026. The deal will be completed next year, after Audi has taken full ownership of the Sauber team that is the basis for its entry.

The Qatar Investment Authority is buying a stake in the Audi Formula One racing team, joining other Gulf sovereign funds who have been channeling their vast wealth into global sports franchises.