The circuit will be built on Yas island and is expected to include a street and marina sections.
This will be the second Formula 1 race in the Gulf Region. Bahrain have earlier extended their contract with Bernie Ecclestone.
Eccelstone said:
Ecclestone added that there are 5 countries wanting to stage a Formula 1 race and that he is aiming for a 20 race calendar including a night race possibly in Singapore.We are very committed to Abu Dhabi. We have a seven-year contract, but I'm sure the race will go on forever.