The F2000 Championship took place this year from the 17th to the 19th of April, 2008, in Port Ghalib – Marsa Alam, after the promoters of Continental F2000 Championship first inaugurated the sport in Fujairah, UAE. Formula World Sports, organizers of the powerboat championships, had also unveiled Bahrain, Oman and Egypt as the other Middle East venues for the competition. Altogether 18 boats from 12 nations will be vying for valuable points as well as a share of the US$30,000 prize money.

The UAE is one of the effective countries in all local and international activities and is regarded as the leading center for speed races, particularly Formula 1 and Formula 2 races. After looking after the distinguished marine nature, the government focused on holding and hosting international marine championship.
Formula races started at the same time as the rest of speed sports in the UAE, and attracted the attention of the youth, particularly after the world championship in Abu Dhabi in 1992, which saw the participation of the elite professionals from all over the world, and was listed in the international federation's annual agenda. This encouraged the UAE youth to be part of such competitions and help enhance the UAE's interest in training its crews in this sport.