Twitter Facebook Linked In Youtube Pinterest Sign up

Qatar splash the cash on 2022 World Cup

Wednesday 10th July 2013

Oil-rich Qatar is planning to spend in the region of £134m on infrastructure and transport improvements ahead of the World Cup in 2022, according to a new Deloitte report.

Deloitte claims that around £80bn will be spent on transport infrastructure including a new airport, roads and a metro system.

Qatar, which has a population of 1.6 million, is hoping that the football tournament, the largest sporting event in the world, will help to boost the country’s global popularity with both holidaymakers and international property investors.

The Middle East emirate of Qatar might not seem an obvious choice for a second home - or a huge sporting event. But the country is hoping to change that attitude.

Already, some shrewd property investors have wasted no time turning their attentions to the tiny Gulf state.

Within hours of FIFA's announcement that Qatar was to host the World Cup in 2010, Ivanka Trump, the daughter of property mogul Donald Trump and executive vice-president of development and acquisitions for the Trump Organisation, visited Qatar to meet with potential property partners.

“My timing was fortuitous because I landed as it was announced that Doha was getting the 2022 World Cup,” she told Gulf News.

Khalifa Al-Misnad, of Coreo, one of Qatar's largest estate agents, reports that property inquiries from overseas buyers, particularly the British, rose considerably after Qatar’s winning bid to host the tournament.

“No other country awarded the rights to host the football World Cup has ever been so far behind with regards to required infrastructure. So much has to be built,” said Al-Misnad.


comments powered by Disqus
Feedback:
If you have any questions or suggestions about this article or our news section, please do not hesitate to contact us.

Editorial Contact Details - Conor Shilling
conor.shilling@angelsmedia.co.uk
0845 672 6000
Related News Stories
Most Read News Stories