It has been announced that the Circuit de Catalunya will continue to host MotoGP for at least five more years (2012-2016).

The track has hosted a MotoGP race since 1992, first as the European Grand Prix and later (1994) as the Catalan Grand Prix.

"I am pleased that the Circuit de Catalunya remains part of the history and the future of MotoGP, providing a modern facility that has for 20 years had a presence in the highest discipline of motorcycle racing," said Carmelo Ezpeleta, CEO of Dorna Sports.

The Barcelona circuit is one of a handful of tracks to host both F1 and MotoGP racing. General Director Salvador Servi? emphasised the economic impact of the two-wheeled event.

"It is a pleasure to approve an agreement that allows an annual race that generates an economic impact of 30,000,000 Euros for the entire area surrounding the Circuit," stated Servi?.

"Now it's time to work to publicise this agreement within the business and economic environment of the country in order to maximise its benefits, and share this opportunity on a worldwide scale through its promotion."

This year's Catalan MotoGP saw 81,838 spectators attend on the Sunday, with a total of 146,718 spectators present over all three days.

The Catalan Grand Prix is one of four Spanish-based rounds on the MotoGP World Championship calendar, alongside Jerez, Aragon and Valencia.