Qatar boasts the highest concentration of wealth anywhere in the world and is playing an increasing role in hosting big sporting events.
The emirate will be hosting the 2022 Fifa World Cup and has been playing an increased role in hosting motorsport events.
Qatar has held a MotoGP race since 2004, hosting the GP2 Asia series and the short-lived GP Masters series, as well as this year's FIA prize-giving gala.
Now there are reports doing the rounds that Qatar wants to host their own F1 Grand Prix like their Gulf neighbours.
According to Autosport, the proposal would be to put together a street circuit, similar to Monaco or Long Beach, in the city of Lusail and skip the Losail circuit where the MotoGP race is held.
One of the issues that could block the proposed Qatar face happening next year is the Bahrain ruling family, who are not keen on another F1 race being hosted in the Persian Gulf and do seem to hold sway over F1 supremo Bernie Ecclestone, who decides where the F1 races are held.