Qatar to spend $200 billion for 2022 World Cup according to report
Qatar, host of the 2022 World Cup, will spend $200 billion preparing for the event according to a report released by the consulting firm Deloitte. The Associated Press reported the news:
The report, released on Tuesday, said $140 billion of that will be for transportation infrastructure including a new airport, roads and a metro system to deal with the 400,000 fans expected for the month-long tournament.
Another $20 billion will go to tourism infrastructure as the Persian Gulf nation expects the number of tourists to reach 3.7 million annually by 2022.
There are plans to build six new stadiums and upgrade two existing ones.
The oil-and-gas rich country was surprisingly awarded the World Cup over the United States, Australia, Japan and South Korea — summer temperatures in Qatar often reach 100-plus degrees Fahrenheit.
Qatar’s estimated amount far exceeds comparable events such as the 2014 Winter Games in Sochi and 2012 Summer Games in London:
For comparisons sake, Russia budgeted $10B and is spending $50B on Winter Games. London games cost $40B. Qatar is spending $200B!—
Dan Wolken (@DanWolken) July 09, 2013