for sure it will be a great idea for cars fans in egypt
people have been searching for sth like that, to be secure, legal and you find adequate competitors not just noobs
it won't be easy to establish it, but sure you can find a way to go through it
the idea i have in mind is that you find strong sponsors and what i mean by strong is that they are connected to strongly to the government and its ministers
i will give you the list of sponsors whom i have in mind, if you succeed to convince them, you ca have even a formula 1 racing here in egypt
1- Vodafone & Renault
with their head board of director Mohamed Nousir for both.
2- McDonalds& General motors agent
you have Yassin Mansour, whose brother Mohamed Mansour the misiter of transportation and Mansour family are GM agents in Egypt.
3- a Media channel like Dream or Mehwar, but you can have a better one if you sign with Gear 1 (the emarati channel) , ART or Gazira sport (they are good in that)
Vodafone are the main sponsors, MaCdonalds would open their outlets there and you have Gm or Renault using your track for their advertisments and test drives. a channel to spread your idea, and by then you will cover 99.8% of your opening capital :lol:
another company, who might be strong sponsors are Bavarian auto, they have very strong relations with the government people (the egyptian partner there is a famous one, but can't remeber his name)
the last Idea you buy the land by your own, and operate your project as B.O.T (where a company owns it managment, operation and about 95% of profit for about 20 ears, then the track will be yours)
there are alot of other options, but i find those the best.
those people will be able to get all the necessary approvals for the liscence and soon your track will be reserved for the next 100 years, as the 95 octane racers as you name them are waiting for this dream to come true :)
Good luck with your dream, and hope i can help with any of its stages
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