Following a bid process, an ISAF appointed evaluation panel advised the Executive Committee on the bids received on factors including sailing conditions, venue infrastructure and facilities, organisation and financial resources.
ISAF Secretary General Jerome Pels said, "Sailing is developing fast in Asia, and Qingdao, China was a clear choice as an Asian venue for the ISAF Sailing World Cup. With Qingdao added to regattas in Australia, France and Spain the ISAF Sailing World Cup from 2013 onwards will be a truly global affair. ISAF welcomes the great effort of the Chinese Yachting Association and Qingdao Yachting Association towards facilitating a regatta that will enhance the participation of elite sailors.
The prize money on offer and chartered equipment availability will go a long way in growing the regatta which shows China's outstanding commitment to the ISAF Sailing World Cup."
The Mayor of Qingdao Municipal Government, Mr Zhang Xinqi said, "With our experience of hosting international sailing events such as Olympic Sailing Competition, the Volvo Ocean Race, Clipper Round the World Yacht Race and the Extreme Sailing Series we welcome the ISAF Sailing World Cup as part of the legacy left behind from the 2008 Olympic Sailing Competition. Meanwhile, it is also an important step taken by Qingdao to carry on the Olympic Spirit whilst building the "Sailing Capital" of China.
"Our aim is to have a record number of developing sailing nations competing in the ISAF Sailing World Cup and with a sailing boom across Asia it marks a new era for Asia and Olympic class sailing."
The ISAF Sailing World Cup was launched in December 2008 and brings together the world's leading Olympic sailors. Today's news marks another step in the ISAF Sailing World Cup's development on its way to becoming a truly world circuit of events.
ISAF Sailing World Cup Website