The Formula 1 Grand Prix of Europe and events like it have the potential to bring in significant numbers of tourists to Azerbaijan from countries all over the world, the US Ambassador to Baku Robert Cekuta told Trend June 14.

"As Azerbaijan focuses on building its tourism industry as part of the overall effort to diversify the economy, such events also provide an opportunity to boost the development of tourism infrastructure and services that attracts visitors year-round and encourages them to explore the rich history and culture Azerbaijan has to offer both in Baku and in the regions beyond," he said.

The 2016 Formula 1 Grand Prix of Europe will be held June 17-19 in Baku. Eleven teams will take part in the racing: Mercedes AMG Petronas, Scuderia Ferrari, Williams Martini Racing, Red Bull Racing, Sahara Force India, Haas F1 Team, McLaren Honda, Toro Rosso, Sauber F1 Team, Renault Sport F1 and Manor Racing.