Bernie Ecclestone would like to see Formula One return to Mexico City © Sutton Images Enlarge

Carlos Slim Domit says "all the pieces are coming together" for a Mexican Grand Prix to take place in future.

With two Mexican drivers currently on the grid in Sergio Perez and Esteban Gutierrez, interest in Formula One is high in Mexico and Bernie Ecclestone stated his desire to see a race held in Mexico City back in February. Now, FIA Senate member Slim says he believes progress is being made towards a potential return for a Mexican Grand Prix for the first time since 1992.

"I believe there is potential to do more races in the Americas and I believe that Mexico is in the right spot to do it," Slim told the FIA's AUTO magazine. "It's a stable country by and large, our economy is doing quite well and we have drivers people can identify with. All of the pieces are coming together and I believe the potential promoters are doing a good job in trying to secure something."

Slim also said that the time difference with Europe makes it beneficial for Formula One to have more races in the Americas.

"I believe it is the right choice to have more races in the Americas. Races in Europe are difficult to see in America because they are either at three o'clock in the morning or seven o'clock in the morning on a Sunday. But the timing of races in America is perfect for Europe."