$200 billion to be spent by Qatar for the 2022 FIFA World cup

Qatar has pledged to spend around $200 billion in the next eight years, ahead of the 2022 FIFA World cup.

This enormous sum will be spent, largely on construction and infrastructure projects.

Qatar has made its intention clear on wanting to become a venue of international repute. Considering that they will be hosting the Men’s Handball World Championships in 2015, golf events, indoor track championships, handball events, and the MotoGP among others, the spending will indeed be necessary.

Over $140 billion over the next five years will be spent on infrastructure projects. These projects will include the creation of about 90,000 hotel rooms, 12 stadiums, a new port, metro and rail systems.

An estimated 400,000 excited fans will have to be accommodated during these major sporting events, with the biggest being the football World Cup. Malls and other such assets are also on the anvil.

The temperature around the time of the Cup was a matter of concern as they would reach as high as 50 degree Celsius.

Qatar 2022 Bid’s official site has explained that the stadiums will be designed to be able to harness solar energy and convert it to electrical energy, thereby using it to cool the stadium by considerable amounts.

The World Cup is going to cost Qatar approximately($200 billion). This is about 60 times the $3.5 billion that South Africa spent on the 2010 FIFA World Cup

source: Deloitte report