The deal to host the Valencia race was signed on 1 June 2007. It will last for seven years. The deal was made with the Valmor Sport group. The official track layout was unveiled by Valencia councillor and transport minister, Mario Flores, on 19 July 2007. The track was first used in the last weekend of July 2008. The circuit hosted a round of the Spanish F3 Championship and International GT Open. It was first used for the European Grand Prix on 24 August 2008.