The Gulf Arab state, which is hosting the second round of the Formula One season on March 22, has reported 83 cases of the virus, mostly linked to people who had traveled to Iran.
"Convening a major sporting event, which is open to the public and allows thousands of international travelers and local fans to interact in close proximity would not be the right thing to do at the present time," the Bahrain International Circuit said.
"To ensure that neither the sport, nor its global supporter base, is unduly impacted, the race weekend itself will still go ahead as a televised event."
Organizers suspended ticket sales on Saturday as they assessed how many spectators would be allowed to attend the race.Bahrain has asked people entering the country who have recently visited Italy, South Korea, Egypt and Lebanon to isolate themselves for two weeks.