11/01/2007
NEWS STORY
Although sharp-eyed readers will have noticed the name emblazoned on the caps worn by Felipe Massa (right) and Kimi Raikkonen at yesterday's press conference, it was only today that Ferrari confirmed that it has established a sponsorship agreement with Mubadala Development Company, an investment company owned by the Government of the Emirate of Abu Dhabi. In July 2005, Mubadala Development purchased a five percent stake in Ferrari from Mediobanca of Italy.
"We are pleased to have reached a sponsorship agreement with such a dynamic company as Mubadala, with whom we share important values such as the research into innovation and a passion for our work," said Jean Todt. "Furthermore, this agreement strengthens our ties with the Emirate of Abu Dhabi, where a Ferrari theme park is being created in a State located in a region in which interest in Formula 1 is growing ever stronger."