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Not long now until the inaugural KL City Grand Prix, which will take place on August 7-9 – the organiser, GT Global Race, has revealed a number of developments that have taken place in the run-up to the race.

Firstly, the circuit design – which runs through Jalan Ampang, Jalan Sultan Ismail, Jalan Raja Chulan, Jalan Perak and Jalan P Ramlee – has received formal approval from the FIA, which GT Global Race said is a “huge step forward” in preparations for the race in terms of regulations and safety.

As part of circuit approvals, track inspector Tim Schenken will arrive in the country next week to physically inspect the proposed 3.2 km track. Preliminary track preparation has already started, with the removal of traffic islands and the reshaping of curbs around Jalan Raja Chulan and Jalan Perak, and the resurfacing of the roads will commence later this month.

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Now, to the fun part – the races. Announced today is the inclusion of the Australian V8 Supercars race series into the fold for the next five years, first as an exhibition race this year featuring former champion Craig Lowndes, Scott McLaughlin, Chaz Mostert, Will Davidson and Todd Kelly. After that, KL City GP will play host to a full championship round starting from 2016.

Also introduced for this year are the Porsche Carrera Cup Asia and Audi R8 LMS Cup one-make series, joining the Lamborghini Super Trofeo Cup that was announced late last year. Audi’s Asia-based championship will be particularly interesting for Malaysians, as it features our very own Alex Yoong, reigning champion and current championship leader.

There will also be a GT City Cup race that, as the name implies, will make use of GT racers – details and regulations of the new race will be announced soon. With Formula Masters also on the agenda, there’s no room for the Scirocco Cup which was mentioned last year, so that has been dropped.

The race is expected to be a biggie – according to a PricewaterhouseCoopers independent evaluation carried out last year, the KL City Grand Prix is expected to draw an estimated 100,000 new visitors to the country, create over 6,300 jobs from the first event and raise RM750 million in national income. By 2020, it expects 150,000 visitors, over 10,000 jobs and RM1.2 billion in national income for that year.