The owner of Autodromo do Parkalgar circuit in Portimao Paulo Pinheiro, unveiled a statue at the entrance of the circuit to pay tribute to Craig Jones.
The track already bears a corner dedicated to the English rider.
Jones, who raced for circuit owners Parkalgar Honda, lost his life in an accident during the World Supersport round at Brands Hatch last season .
The provisional statue will be replaced by one in stone in the future.