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Qatar to earmark $300 Billion for World Cup
July 22, 2013, 10:09 am

Qatar is poised to spend nearly $300 billion on the World Cup 2022 according to the U.S. consulting firm Deloitte in a recent report. In anticipation of the 2022 World Cup, Qatar has dedicated 40 percent of its budget through 2016 towards infrastructure projects.

The country not only needs to develop Doha's infrastructure to handle the large number of football fans, but also to support the massive construction effort. The report said that $236 billion will be spent on transport infrastructure, including the construction of a new airport, roads and also a metro to accommodate the 400,000 fans expected to attend the event.

Some $33 billion will be directed at tourism infrastructure, and around $26 billion will be spent on building new hotels; in recent years, Qatar has become a growing tourist destination. According to recent data, the number of tourists increased by about 15 percent per year; forecasts expect a record total of 3.7 million tourists in 2022, at the time of the World Cup.

Selected by FIFA in December 2010 to host the World Cup 2022, which was also coveted Australia, the United States, Japan and South Korea, Qatar has never made any secret of its desire to give the event decor to match its means. The Deloitte report shows that the country intends to use the opportunity to build a future in sporting events, in terms of equipment, transport and logistics. The World Cup in the Persian Gulf emirate could become one of the world's most expensive sporting events.

In comparison, the Winter Olympic Games in Sochi, Russia in 2014 are on the verge of becoming the most expensive Games in history with a budget of $47billion, while London paid $17 billion for the organization of the Summer Olympic Games in 2012. 

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