The Abu Dhabi Grand Prix has secured its future on the F1 calendar with the signing of a "multi-year extension" of its contract.

The race has been held at the Yas Marina Circuit since 2009, with the current contract having been due to expire after the 2016 race. While the full length of the new agreement has not been announced, Bernie Ecclestone said the sport has "a wonderful partner" in Abu Dhabi and he is pleased to extend the deal.

"Abu Dhabi has played an important part in pioneering the modern era of Formula 1 racing," Ecclestone said. "I said when the Yas Marina Circuit was opened that it may one day be matched, but it will never be bettered. The island has continued to transform each year. We have a wonderful partner here."

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With the race having been a sellout event every year, HE Khaldoon Khalifa Al Mubarak, chairman of Abu Dhabi Motorsport Management, said the impact of the race on the region has been significant.

"This race and the Yas Marina Circuit has introduced Abu Dhabi and the United Arab Emirates to tens of millions of visitors and TV viewers from around the world," HE Khaldoon Khalifa Al Mubarak said. "We remain committed to continually delivering a better experience for the Formula 1 family and ticket holders. It is a mark of the quality of our partnership with Formula One World Championship that we both want to focus on looking forward and on delivering many more successful races."