"I don't know how likely it is to happen, but we would certainly welcome it, absolutely," Theissen told espnstar.com. "Asia is the fastest growing and developing area in the world. We would always support at least one more race in Asia."
Ecclestone was quoted as confirming that he is in talks with several interested parties but nothing had been finalized. Reports suggest that staging a Formula One Grand Prix race through the streets of Singapore would cost upwards of US$35 million.
FIA president Max Mosley, has also endorsed the notion of Singapore staging a race. "Singapore is a vibrant business region with a huge motorsport fan base and it would be a welcome addition to the sport," he said last year.