"I think cancelling just empowers extremists," he told reporters, whilst standing alongside F1 chief executive Bernie Ecclestone.
Pressure on the race organizers, Ecclestone and the FIA to cancel the race has only intensified after Force India and Sauber revealed their brushes with petrol bombs.
"I can absolutely guarantee that any problems that may or may not happen are not directed at F1," the Crown Prince insisted.
Ecclestone, meanwhile, pointed his finger at the media.
"There are other countries much higher up the priority list you should be writing about," he told the scrum of reporters.
"Go to Syria and write about those things there because it's more important than here."
When asked about the violent clashes between Bahraini protesters and the police, Ecclestone said: "It's a lot of nonsense. You guys love it."
However, he did admit that going ahead with the race is "a little bit silly" for the Bahrain government because it gives the protesters "such an incredible platform".