Qatar 2022 World Cup project
synopsis
January 3, 2011, Doha - Qatar
Qatar’s successful bid to
host the FIFA World Cup in 2022 has transformed the emirate into
a promised land for contractors.
Official estimates put the planned
spending at about $60 billion on infrastructure such as high-speed
rail network; international airport; 90,000 hotel rooms and 12
eco-friendly stadiums. With almost $100 billion in planned investments
over the next 12 years, Qatar tends to be the biggest construction
site in dollars per square meter.
Qatar plans to spend $4 billion
on a stadium construction and refurbishment programme. The rail
and metro networks are expected to cost more than $25 billion.
In addition, there are plans to build the longest bridge in the
world that will connect the tiny oil-rich State with nearby Kingdom
Bahrain. A new airport with an increase capacity of 50 million
passengers is also under construction, and is expected to be operational
next year.
Qatar's hosting of the 2022 World Cup is expected to boost the
country's economy, diversifying its investments and increasing
spending on non-hydrocarbon sectors, in particular infrastructure,
construction and manufacturing, reports say. Increased government
spending will help maintain Qatar's annual growth forecast of
15 per cent in 2010 and 16 per cent in 2011.
