Iran plans to build a "Formula 1 circuit" on Qeshm Island, south of Iran.
Mahmoud Seydanlou, the head of Iran's Motorcycle and Automobile Federation, announced that the FIA "has expressed willingness to construct road courses for Formula One races in Iran".
Many corporations from Germany and other European countries interested in road courses construction for Formula One races.
Seydanlou hopes that ongoing negotiations will lead to "a comprehensive plan on the issue within a month", pitpass.com reported.
Early last year, the Islamic Republic News Agency had reported that according to Masoud Soltanifar, Vice President and Head of Cultural Heritage, Handicrafts and Tourism Organization, there were plans to build a "Formula 1 circuit" on Qeshm Island.
The claim was made during a visit to the island, Soltanifar saying that "Formula 1 has a great future in Iran", a claim based on the fact that many young people in the country are now driving.
Last week, when a number of teams finally unveiled their contenders and testing got underway, a follow-up report from the Islamic Republic News Agency slipped under the radar.
The news agency said that Seydanlou hopes that ongoing negotiations will lead to "a comprehensive plan on the issue within a month".